General Dynamics price target raised to $265 from $260 at Argus

Argus raised the firm’s price target on General Dynamics to $265 from $260 and keeps a Buy rating on the shares. The firm is “encouraged” by recent progress in the company’s Aerospace segment, as order rates and the backlog has improved, the analyst tells investors in a research note. Over the long term, General Dynamics management is focused on driving growth through modest sales increases, margin improvement, and share buybacks, Argus added.