General Dynamics (GD) Offers FY18 Guidance
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January 25, 2018 7:24 AM EST
BofA/Merrill Lynch raised its price target on General Dynamics Corp. (NYSE: GD) to $260.00 (from $245.00) while maintaining a Buy rating, following positive news on Bizjet demand.
Analyst Ronald Epstein notes a positive outlook on the shares, as the company released 2018 guidance that demonstrated... More
January 25, 2018 7:18 AM EST
Citi raised its price target on General Dynamics Corp. (NYSE: GD) to $235.00 (from $215.00) while maintaining a Neutral rating, following reports of a surge in Gulfstream G650 orders.
Analyst Jonathan Raviv notes a positive outlook on the shares, following a report from the... More
January 24, 2018 7:50 AM EST
By Mike Stone and Arunima Banerjee
(Reuters) - General Dynamics Corp (NYSE: GD) said on Wednesday the U.S. administration's lack of appointees at the Pentagon and failure of Congress to pass a federal budget contributed to the aerospace and defense company missing analysts' sales expectations.
Although revenue grew to $8.28 billion from $7.65 billion last year, it was below expectations for $8.38 billion.
General Dynamics Chief Executive Phebe Novakovic said on a call with analysts the company was not able to convert its backlog of orders into revenue quickly enough last... More
January 24, 2018 7:35 AM EST
By Chuck Mikolajczak
NEW YORK (Reuters) - The S&P 500 was little changed on Wednesday while the Nasdaq lagged in choppy trading in the wake of comments by U.S. Commerce Secretary Wilbur Ross which hinted at action against China in a trade war.
Ross said at the World Economic Forum in Davos that U.S. trade authorities were investigating whether there is a case for taking action over China's infringements of intellectual property.
U.S. President Donald Trump is scheduled to speak in Davos on Thursday.
Equities were initially lifted by another... More
