General Dynamics Co. (NYSE:GD) was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, The Fly reports. They currently have a $152.00 target price on the stock, down from their prior target price of $170.00. Deutsche Bank’s price objective indicates a potential upside of 13.16% from the stock’s current price.
In other news, VP Gregory S. Gallopoulos sold 60,890 shares of the business’s stock in a transaction that occurred on Thursday, February 18th. The stock was sold at an average price of $134.47, for a total transaction of $8,187,878.30. Following the transaction, the vice president now directly owns 171,630 shares of the company’s stock, valued at $23,079,086.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
A number of other analysts also recently issued reports on the company. Goldman Sachs lifted their price target on General Dynamics from $135.00 to $139.00 in a research report on Friday, February 26th. Sanford C. Bernstein lifted their price target on General Dynamics from $150.00 to $156.00 and gave the company a “market perform” rating in a research report on Wednesday, February 24th. Jefferies Group reiterated a “buy” rating on shares of General Dynamics in a research report on Thursday, January 28th. RBC Capital dropped their price target on General Dynamics from $173.00 to $166.00 and set an “outperform” rating for the company in a research report on Thursday, January 28th. Finally, Credit Suisse reiterated an “outperform” rating on shares of General Dynamics in a research report on Tuesday, January 19th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $157.72.
Source: American Banking and Market News