Morgan Stanley analyst Kristine Liwag raised the firm’s price target on General Dynamics to $250 from $248 and keeps an Equal Weight rating on the shares. General Dynamics’ “brighter sales outlook is offset by dimmer margin expectations” and while defense growth is evident, the mix shift and supply chain challenges add pressure, the analyst tells investors in a post-earnings note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GD:
- General Dynamics sees FY23 revenue $42.45B, consensus $41.48B
- General Dynamics says supply chain issues improving
- General Dynamics says all segments grew y/y in Q2, with defense rising by 12%
- General Dynamics Reports Second-Quarter 2023 Financial Results
- General Dynamics reports Q2 net cash from operations $731M