Susquehanna lowered the firm’s price target on General Dynamics (GD) to $330 from $352 and keeps a Positive rating on the shares. The firm said they reduced their 4Q23 estimates on lower G700 Deliveries. They now expect that G700 deliveries will come in below the level of 27 aircraft guided to by management due to ongoing delays.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GD:
- Trump Trade: Meta donates $1M to President-elect’s inaugural fund
- Adobe downgraded, Charter upgraded: Wall Street’s top analyst calls
- General Dynamics downgraded to Hold from Buy at Jefferies
- General Dynamics downgraded to Sell from Neutral at Goldman Sachs
- Reddit initiated, GE Vernova downgraded: Wall Street’s top analyst calls