In a report released today, Ronald Epstein from Bank of America Securities reiterated a Buy rating on General Dynamics (GD – Research Report), with a price target of $310.00.
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Ronald Epstein has given his Buy rating due to a combination of factors that highlight General Dynamics’ strong performance and potential for growth. Despite a negative market reaction to the company’s quarterly results, Epstein views the perceived weaknesses, such as the Aerospace book-to-bill ratio, as misinterpretations. He emphasizes the significant increase in aircraft deliveries and the minimal impact of DOGE on GD Technologies’ revenue, suggesting these factors do not indicate broader market uncertainty.
Furthermore, Epstein points to General Dynamics’ strategic advantages in shipbuilding and defense systems, which are supported by government priorities and investments. The company’s progress in the Aerospace sector, particularly with the G700 and G800 programs, is expected to drive growth and improve margins. With a robust backlog and strong performance in GD Tech, Epstein believes General Dynamics is well-positioned to achieve resilient growth, justifying the Buy rating and a price objective of $310.
According to TipRanks, Epstein is a 5-star analyst with an average return of 12.0% and a 59.19% success rate. Epstein covers the Industrials sector, focusing on stocks such as Boeing, Rocket Lab USA, and Aercap Holdings.
In another report released on April 23, TD Cowen also maintained a Buy rating on the stock with a $290.00 price target.