Wells Fargo analyst Matthew Akers lowered the firm’s price target on General Dynamics to $251 from $265 and keeps an Overweight rating on the shares. The firm is "encouraged" by Aero B/B holding up relatively well in Q1, although expected supply chain constraints set up a big second half of the year Gulfstream ramp. Combat likely to accelerate on strong international vehicles and munitions demand, says Wells.
Published first on TheFly
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