UPDATE: Wolfe Research Assumes, Downgrades General Dynamics Corp. (GD) to Underperform, 'Stock Overheated'

April 8, 2021 4:57 PM EDT
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Price: $185.85 --0%

Rating Summary:
    13 Buy, 11 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 10 | New: 9
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(Updated - April 9, 2021 3:41 AM EDT)

Wolfe Research analyst Michael Maugeri downgraded General Dynamics Corp. (NYSE: GD) from Outperform to Underperform.

The analyst commented, "We estimate the market is implying GD can earn 104% of its pre-Covid earnings post-Covid while implying that LMT and NOC will only retain ~93% of pre-Covid earnings on average. If we apply that LMT/NOC average to GD’s defense businesses, then that would imply the market believes Gulfstream can earn 126% of pre-Covid earnings post-Covid.."

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 $183.60 yesterday.

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