Argus raised the firm’s price target on General Dynamics to $290 from $265 and keeps a Buy rating on the shares. The firm is encouraged by recent progress in the company’s Aerospace segment, as its order rates and backlog have improved, the analyst tells investors in a research note. The company also aggressively returns cash to shareholders through increased dividends, offers a clean balance sheet, and its multiples are generally in line with or below industry averages, the firm added.
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