Wells Fargo Maintains Overweight Rating for General Dynamics: Here's What You Need To Know

Wells Fargo has decided to maintain its Overweight rating of General Dynamics GD and raise its price target from $243.00 to $264.00.

Shares of General Dynamics are trading down 0.54% over the last 24 hours, at $241.08 per share.

A move to $264.00 would account for a 9.51% increase from the current share price.

About General Dynamics

General Dynamics is a defense contractor and business jet manufacturer. The firm's segments include aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment creates Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment creates and services nuclear-powered submarines, destroyers, and other ships. The technologies segment contains two main units, an IT business that primarily serves the government market and a mission systems business that focuses on products that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.