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Fly News Breaks for April 25, 2019
GD
Apr 25, 2019 | 06:55 EDT
JPMorgan analyst Seth Seifman upgraded General Dynamics to Neutral from Underweight and raised his price target for the shares to $200 from $188. General Dynamics has underperformed the market by~21% since the start of 2018, Seifman tells investors in a research note. The analyst now sees a "reasonable valuation" and and "fewer obstacles ahead" for the company. He thinks the long-term challenges to Aero profitability from lower G650 production and new competition are well understood at current share levels.