General Dynamics price target raised to $310 from $290 at Argus

Argus raised the firm’s price target on General Dynamics to $310 from $290 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. General Dynamics management is also focused on driving growth through modest sales increases, margin improvement, and share buybacks, the firm added.