Susquehanna analyst Charles Minervino lowered the firm’s price target on General Dynamics to $263 from $285 and keeps a Positive rating on the shares. The analyst said despite the revisions, the fundamental story for General Dynamics is well intact, as the adverse revision in Marine is a pause in growth that will likely dissipate by 2024 with growth resuming in a meaningful way.
Published first on TheFly
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Read More on GD:
- General Dynamics price target lowered to $222 from $240 at Credit Suisse
- General Dynamics price target lowered to $283 from $298 at Citi
- General Dynamics price target lowered to $268 from $290 at Baird
- General Dynamics sees FY23 EPS $12.60-$12.65, consensus $13.90
- General Dynamics expects CapEx to step back down below 2.5% of sales in FY23
