TD Cowen raised the firm’s price target on General Dynamics to $315 from $285 and keeps a Buy rating on the shares. The analyst remains bullish on the commercial aftermarket, especially in light of Boeing’s (BA) production problems and said Gulfstream’s product-driven lift and 4.5% defense sales CGR with margin upside suggests mid teens EPS CGR through 2026.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GD:
- General Dynamics Land Systems awarded $518.83M government contract
- Jefferies aerospace/defense analysts to hold analyst/industry conference call
- General Dynamics price target raised to $325 from $300 at RBC Capital
- General Dynamics (NYSE:GD) Receives Green Light for G700 Aircraft
- General Dynamics announces FAA certification for Gulfstream G700
