General Dynamics Corp. (GD) PT Raised to $260 at BofA/Merrill Lynch; 'Undervalued Defense Exposure with Strong Bizjet Demand'
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Price: $352.79 -1.06%
Rating Summary:
18 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 6 | New: 60
Rating Summary:
18 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 6 | New: 60
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BofA/Merrill Lynch raised its price target on General Dynamics Corp. (NYSE: GD) to $260.00 (from $245.00) while maintaining a Buy rating, following positive news on Bizjet demand.
Analyst Ronald Epstein notes a positive outlook on the shares, as the company released 2018 guidance that demonstrated strong demand from the Bizjet segment, supported by a surge in Gulfstream G650 orders, despite management offering disappointing sales projections for 2018.
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