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GD

General Dynamics

$168.84

1.84 (1.10%)

09:32
01/24/19
01/24
09:32
01/24/19
09:32

General Dynamics awarded F-35 Joint Strike Fighter IT support contract

General Dynamics Information Technology announced it was recently awarded the Joint Strike Fighter F-35 IT program support contract. The Naval Air Warfare Center Aircraft Division awarded a task order against a previously issued General Services Administration, Government Wide Acquisition Alliant Contract to General Dynamics One Source, a joint venture between GDIT and General Dynamics Mission Systems. The contract holds an estimated ceiling value of $155.6M and includes a base period of two years with three one-year options. GDIT will provide knowledge-based, information assurance and cybersecurity IT services to the F-35 JSF Virtual Enterprise network in support of the F-35 Lightning II Joint Program Office.

  • 30

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  • 28

    May

GD General Dynamics
$168.84

1.84 (1.10%)

01/10/19
01/10/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ship Finance (SFL) initiated with a Neutral at B. Riley FBR. 2. Wipro (WIT) initiated with a Hold at Deutsche Bank. 3. Boeing (BA), Lockheed Martin (LMT), and Raytheon (RTN) were initiated with a Positive at Susquehanna while Northrop Grumman (NOC) and General Dynamics (GD) were initiated with a Neutral. 4. Dollar General (DG) initiated with an Outperform at BMO Capital while Dollar Tree (DLTR) was initiated with a Market Perform. 5. Verint (VRNT) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/10/19
SUSQ
01/10/19
INITIATION
Target $175
SUSQ
Neutral
General Dynamics initiated with a Neutral at Susquehanna
Susquehanna analyst Charles Minervino initiated General Dynamics with a Neutral rating though he believes it will benefit from strong global defense spending. He believes it will be able to grow its earnings at roughly 9% a year through 2021 due to an improving jet market and increased Infrastructure Technology defense sales through its CRSA acquisition. The challenge, however, is valuation, said Minervino, who has a $175 price target on General Dynamics shares.
01/08/19
01/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Unilever (UN, UL) downgraded to Neutral from Buy at UBS. 2. General Dynamics (GD) downgraded to Hold from Buy at Jefferies with analyst Sheila Kahyaoglu saying despite a portfolio of "marquee assets," the company's earnings "lack momentum." 3. Principal Financial (PFG) downgraded to Neutral from Buy at Goldman Sachs with analyst Alex Scott saying he sees less upside in the shares relative to other names in his life insurance coverage universe. 4. JPMorgan (JPM), SunTrust (STI), and U.S. Bancorp (USB) were downgraded to Hold from Buy at Jefferies. 5. Maxar Technologies (MAXR) downgraded to Underperform from Neutral at Credit Suisse, to Sell at Veritas, to Market Perform from Outperform at BMO Capital, and to Sector Perform at National Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/08/19
JEFF
01/08/19
DOWNGRADE
Target $164
JEFF
Hold
Jefferies downgrades General Dynamics on lack of earnings momentum
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.

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CRTO

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MCD

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SSNLF

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AWR

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HPQ

HP Inc.

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MCD

McDonald's

$185.66

-1.11 (-0.59%)

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BA

Boeing

$370.52

8.37 (2.31%)

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NOC

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