Fly News Breaks for June 14, 2018
GD
Jun 14, 2018 | 07:51 EDT
JPMorgan analyst Seth Seifman lowered his price target for General Dynamics to $225 and maintains an Underweight rating on the shares. The stock's recent underperformance is driving some more interest on the long side, but performance is not much worse than other defense stocks, Seifman tells investors in a research note. The analyst says he's not yet comfortable with Gulfstream's long-term profit potential as G650 production declines amid new competition. Further, he thinks the CSRA deal "remains a show-me for investors."
News For GD From the Last 2 Days
GD
Apr 15, 2024 | 17:13 EDT
General Dynamics was awarded a $296.86M cost-plus-fixed-fee contract for M10 Booker system technical support. Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of April 14, 2029. Army Contracting Command is the contracting activity.