General Dynamics (GD) Target Lowered to $364 by Citigroup
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowOn May 18, Citigroup revised its price target for General Dynamics (GD) to $364 from $380, maintaining a Neutral rating. During Q1 2026, GD reported earnings of $4.10 per diluted share, with revenues reaching $13.5 billion and securing over $26 billion in orders, resulting in a book-to-bill ratio of 2:1 and a total backlog of $131 billion. The Aerospace segment delivered 38 aircraft, and Marine Systems reported a 21% growth driven by submarine programs. Citigroup expects aerospace stocks to recover first, with concerns about an immediate market recovery due to geopolitical tensions.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About General Dynamics Corporation (GD)
General Dynamics is a defense contractor and the maker of Gulfstream business jets.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
Earlier GD news
- General Dynamics (GD) Partners with Kodiak AI on Autonomous Vehicles
- General Dynamics (GD), ADP Gain Pre-Market; SoFi Technologies (SOFI) Drops
- General Dynamics (GD) Reports 10.3% Revenue Increase in Q1 2026
- General Dynamics (GD) Stock Analysis and Market Position
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