Information Provided By:
Fly News Breaks for January 8, 2019
GD
Jan 8, 2019 | 07:22 EDT
Jefferies analyst Sheila Kahyaoglu downgraded General Dynamics to Hold from Buy and lowered her price target for the shares to $164 from $197. Despite a portfolio of "marquee assets," the company's earnings "lack momentum," Kahyaoglu tells investors in a research note. She believes General Dynamics' revenue outlook is "well-appreciated" while emerging markets present some risk. Further, the analyst sees limited margin upside and a lack of balance sheet catalysts. Her sum-of-the-parts analysis suggests General Dynamics is fairly valued at current levels.