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General Dynamics price target lowered to $245 from $251 at Bernstein
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General Dynamics price target lowered to $245 from $251 at Bernstein

Bernstein lowered the firm’s price target on General Dynamics to $245 from $251 with slightly lower margin assumptions, while keeping a Market Perform rating on the shares. General Dynamics reported Q1 results on Wednesday, with EPS of $2.64, slightly beating consensus of $2.59 and the firm’s $2.62. Revenues of $9.8B were well above consensus of $9.3B. Bernstein saw this as a mixed result, with some very strong demand support, but challenges on margins.

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