General Dynamics price target raised to $320 from $300 at Citi

Citi raised the firm’s price target on General Dynamics to $320 from $300 and keeps a Buy rating on the shares. The company’s Q1 results were roughly in-line with consensus expectations and it confirmed full-year guidance, the analyst tells investors in a research note. The firm says it appears all four of General Dynamics’ businesses are experiencing an acceleration in fundamentals. This is a good set up for the remainder of the year, contends Citi.