General Dynamics price target raised to $315 from $295 at BofA

BofA raised the firm’s price target on General Dynamics to $315 from $295 and keeps a Buy rating on the shares. General Dynamics possesses the “best-in-class aerospace company” with Gulfstream, which continues to see strong demand in a post-COVID environment, while its Combat, Marine, and Technologies segments give the company exposure to ramping and legacy programs that are likely to remain well-funded through the outyears, says the analyst, who argues that the company “continues to occupy the sweet spot between aerospace and defense.”