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Fly News Breaks for March 24, 2016
GD
Mar 24, 2016 | 05:58 EDT
Deutsche Bank analyst Myles Walton downgraded General Dynamics to Hold saying Gulfstream G650 inventory and price trends are "quickly becoming a problem." Over the last five months, the available for sale G650s moved from 9 to 22 currently, Walton tells investors in a research note. In addition, the continued downward asking price for the plane will start to impede on new orders, if not cancellation activity, the analyst contends. He lowered his price target for General Dynamics shares to $152 from $170.