General Dynamics Corp Gets a Buy Rating from Credit Suisse

By Jason Carr

In a report released today, Robert Spingarn from Credit Suisse maintained a Buy rating on General Dynamics Corp (NYSE: GD), with a price target of $262. The company’s shares closed yesterday at $209.53.

According to TipRanks.com, Spingarn is a 5-star analyst with an average return of 16.8% and a 74.3% success rate. Spingarn covers the Consumer Goods sector, focusing on stocks such as Lockheed Martin Corp, Transdigm Group Inc, and L3 Technologies Inc.

Currently, the analyst consensus on General Dynamics Corp is Moderate Buy and the average price target is $240.45, representing a 14.8% upside.

In a report released yesterday, Cowen & Co. also assigned a Buy rating to the stock with a $230 price target.

The company has a one-year high of $229.54 and a one-year low of $183.72. Currently, General Dynamics Corp has an average volume of 1.47M.

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General Dynamics Corp. operates as an aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; shipbuilding; and communication and information technology systems and solutions. The company operates through the following business groups: Aerospace, Combat Systems, Marine Systems, and Information Systems and Technology. The Aerospace group designs, manufactures and outfits a comprehensive family of gulfstream business. The Combat Systems group designs, develops, and produces tracked and wheeled military vehicles, weapons systems and munitions. The Marine Systems group designs, builds and supports submarines and surface ships. The Information Systems and Technology group provides critical technologies, products and services. General Dynamics was founded on February 21, 1952 and is headquartered in Falls Church, VA.