Standpoint Research Downgrades General Dynamics Corp. (GD) to Hold; Taking Profits

Standpoint Research downgraded General Dynamics Corp. (NYSE: GD) from Buy to Hold.

Analyst, Ronnie Moas, said, "GD has had a nice move since October 1...up 30%...Since November 1 the shares are up 15% and + 1000 bps versus the S&P...that is significant for a low beta name...this may be a near-term top on an absolute and relative basis. In my opinion it will not be before 2013 that we see an $80 quote on these shares (for the first time since Q3 2008). Gen Dyn shares were up 12% for us since the June 2010 recommendation and could not keep pace with the S&P-500."

For an analyst ratings summary and ratings history on General Dynamics Corp. click here. For more ratings news on General Dynamics Corp. click here.

Shares of General Dynamics Corp. closed at $71.57 yesterday.

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