General Dynamics downgraded to Hold from Buy at Vertical Research

Vertical Research downgraded General Dynamics (GD) to Hold from Buy with a price target of $290, down from $352. The company is facing challenges in Marine, Aerospace and Technologies, and even its Combat segment could face sentiment headwinds if and when the war in Ukraine concludes, the analyst tells investors in a research note. The firm says publicly available data suggests that Gulfstream has not met company targets, which could imply greater challenges in the program than anticipated.