Wells Fargo analyst Sarah Akers maintains $General Dynamics (GD.US)$ with a hold rating, and adjusts the target price from $295 to $279.
According to TipRanks data, the analyst has a success rate of 64.7% and a total average return of 8.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $General Dynamics (GD.US)$'s main analysts recently are as follows:
The aerospace sector is anticipated to generate positive relative earnings growth and continue its outperformance into 2025, with a greater contribution expected from original equipment compared to aftermarket. In contrast, the defense sector continues to underperform, facing a challenging setup due to increased budget risks influenced by fiscal realities and uncertainties surrounding the Department of Government Efficiency.
The firm's stance on commercial aerospace continues to be cautious regarding the pace of aerospace original equipment manufacturing ramp-up, aligning with previous views expressed in December. Additionally, late-quarter consultations support this perspective. In the defense sector, persistent concerns regarding funding and operational risks are likely to continue affecting sentiments, with the fourth quarter expected to provide limited new insights.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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