Barclays analyst David Strauss lowered the firm’s price target on General Dynamics (GD) to $305 from $330 and keeps an Overweight rating on the shares. Barclays sees aerospace generating positive relative earnings growth and further outperformance in 2025. However, this time the firm sees the upside being weighted more towards original equipment than aftermarket. While defense has underperformed, the setup “remains difficult” with more budget risk than thought given fiscal realities along with Department of Government Efficiency uncertainty, the analyst tells investors in a research note.
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Read More on GD:
- General Dynamics downgraded to Hold from Buy at Vertical Research
- China Export Ban Expands to U.S. Defense Sector
- General Dynamics price target lowered to $295 from $303 at Deutsche Bank
- General Dynamics awarded $139.2M Navy contract
- Espey Mfg. awarded $29.5M contract
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
