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Fly News Breaks for December 12, 2017
GD
Dec 12, 2017 | 06:56 EDT
JPMorgan analyst Seth Seifman downgraded General Dynamics to Underweight and lowered his price target for the shares to $215 from $225. Gulfstream questions are unlikely to be resolved in the near term, Seifman tells investors in a research note. Demand for G500/600 is ok for now, but uncertainty about ultimate production levels and the pace of the learning curve mean the transition will remain a near term overhang, the analyst says.