Deutsche Bank analyst Scott Deuschle maintains $General Dynamics (GD.US)$ with a hold rating, and adjusts the target price from $320 to $314.
According to TipRanks data, the analyst has a success rate of 64.5% and a total average return of 17.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $General Dynamics (GD.US)$'s main analysts recently are as follows:
Amidst a preview of third-quarter earnings for the aerospace and defense sector, it was noted that there is a positive outlook on the aerospace engine value chain. Preferences in this quarter are directed towards companies that are considered 'well-insulated' against end market challenges and have the potential to deliver significant earnings surprises and drive substantial revisions. For the U.S. defense sector, it is acknowledged that valuations across the board have become notably rich in comparison to a growth trajectory that appears to be reaching its zenith in 2025.
The sentiment on General Dynamics is cautious ahead of the Q3 results. It's observed that General Dynamics' 2024 guidance was already ambitious by mid-year, and since that time, G700 deliveries seem to have fallen significantly short of expectations. Although aircraft deliveries are expected to increase towards 2025, there are concerns regarding Gulfstream's ability to maintain a delivery volume that's 30% higher than its recent order rate.
Note:
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