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Fly News Breaks for May 19, 2019
GD
May 19, 2019 | 21:48 EDT
Goldman Sachs analyst Noah Poponak upgraded General Dynamics to Buy from Neutral with an unchanged price target of $204. The stock closed Friday down $3.48 to $166.67. The valuation of General Dynamics relative to its defense peers has moved to the low-end of historical ranges, Poponak tells investors in a research note. The analyst thinks higher Gulfstream margins, the G500/600 ramp, and improving free cash flow can act as catalysts to reverse sentiment on shares of General Dynamics.
News For GD From the Last 2 Days
GD
Apr 24, 2024 | 08:50 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
GD
Apr 24, 2024 | 07:01 EDT
GD
Apr 24, 2024 | 07:00 EDT
Reports Q1 revenue $10.7B, consensus $10.32B. "Our businesses delivered solid operating results in the quarter, growing revenue and backlog, while expanding margins, even as we awaited G700 certification," said Phebe N. Novakovic, chairman and chief executive officer. "In the Aerospace segment, the recent FAA certification of the Gulfstream G700 has enabled us to begin customer deliveries. This is a strong start to 2024 and we remain confident in our outlook."
