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Fly News Breaks for February 6, 2020
GD
Feb 6, 2020 | 04:51 EDT
JPMorgan analyst Seth Seifman upgraded General Dynamics to Overweight from Neutral with a price target of $225, up from $210. General Dynamics has been a "value trap," but with a free cash inflection "upon us," the stock's potential to return 17% of the current market capitalization over the next three years stacks up well versus peers, Seifman tells investors in a research note. With the shares lagging large cap Defense peers for years, the analyst assumes management will prioritize shareholders in capital allocation, making execution the key risk. The company's free cash flow should more than double from 2019 to 2021 to $4B, says Seifman.
News For GD From the Last 2 Days
GD
Jan 26, 2022 | 16:33 EDT
Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly. 1... To see the rest of the story go to thefly.com. See Story Here
GD
Jan 26, 2022 | 12:06 EDT
Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly.  1... To see the rest of the story go to thefly.com. See Story Here
GD
Jan 26, 2022 | 07:04 EST
Operating margin was 11.5% for the quarter and 10.8% for the full year. The defense segments collectively delivered revenue and operating earnings for the year that were the highest in the company's history. "Our continued focus on operating performance and protecting the health and safety of our employees contributed to strong fourth-quarter and full-year results," said Phebe Novakovic, chairman and CEO. "Furthermore, favorable cash flow has enabled us to continue reducing debt, returning value to shareholders and investing in future growth."
GD
Jan 25, 2022 | 12:48 EST
Notable companies reporting before tomorrow's open, with earnings consensus, include Abbott (ABT), consensus $1.21... AT&T (T), consensus 76c... Boeing (BA), consensus (30c)... Anthem (ANTM), consensus $5.11... ADP (ADP), consensus $1.63... Progressive (PGR), consensus $1... General Dynamics (GD), consensus $3.37... Kimberly-Clark (KMB), consensus $1.25... Amphenol (APH), consensus 63c... Corning (GLW), consensus 52c.