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Fly News Breaks for February 3, 2020
GD
Feb 3, 2020 | 09:09 EDT
Argus analyst John Eade upgraded General Dynamics to Buy from Hold with a $195 price target after its Q4 earnings beat, also noting that its below-consensus guidance for FY20 is "too conservative" given that the "long-awaited" turnaround in its Aerospace business is starting to materialize. The analyst further cites improvement in the company's operating earnings and bookings as well as its "aggressive" shareholder returns through increased dividends. Eade still points to "headline risk" for General Dynamics given the uncertainty around the developments in Washington DC and the tariff-related negative impact on the stock.