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Fly News Breaks for January 28, 2016
GD
Jan 28, 2016 | 07:19 EDT
After General Dynamics reported stronger than expected Q4 results but provided lower than expected 2016 EPS guidance, Wells Fargo thinks the guidance was nonetheless higher than many had feared. Wells explains that many on the Street had worried that the company's large-cabin business jet sales would be weak. Wells cut its price target on the shares to $158-$163 from $165-$170 but keeps an Outperform rating on the shares.
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