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Fly News Breaks for January 12, 2017
GD
Jan 12, 2017 | 07:25 EDT
As noted earlier, RBC Capital started coverage of General Dynamics with an Outperform rating and a $206 price target. Analyst Matthew McConnell says that the company is the leader of a "submarine duopoly" that's worth $100B, is ramping, and has high barriers to entry. He expects the company's revenue growth to accelerate and predicts that its multiple will expand.
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