General Dynamics price target raised to $325 from $300 at RBC Capital

RBC Capital raised the firm’s price target on General Dynamics to $325 from $300 and keeps an Outperform rating on the shares. The firm cites the company’s announcement that Gulfstream Aerospace has received the final FAA certification for the G700 aircraft, noting that while it does not expect any Q1 G700 deliveries, it is modeling about 15 G700 deliveries in Q2. RBC adds that it continues to view the first G800 deliveries in 2025, though it also expects the final G700 certification to be a positive for sentiment on the stock.