General Dynamics price target lowered to $280 from $290 at RBC Capital

RBC Capital lowered the firm’s price target on General Dynamics (GD) to $280 from $290 and keeps a Sector Perform rating on the shares after its Q4 results. The firm remains bullish on the 2025 Gulfstream outlook, but warns that muted free cash flow and limited 2025 margin upside in defense, with greater defense spending uncertainty, is keeping it cautious on the stock, the analyst tells investors in a research note. RBC is also cutting its FY25 EPS view on General Dynamics to $14.82 from $15.43.