Market Overview

Bank of America Highlights Key Risks For Investors Looking At General Dynamics


Bank of America on Monday issued a company update on General Dynamics Corporation (NYSE: GD) after news that the Board of Directors authorized a share repurchase of up to 10 million shares. General Dynamics is currently rated as a Buy with a one year price target of $165.00.

Analysts Ronald Epstein and Kristine Liwag wrote, "GD is more than a defense contractor, with solid returns from Gulfstream in business aviation...Strength in Gulfstream, particularly in large cabin jets, should offset weakness in defense. A strong balance sheet and cash flow generation should ensure continued incremental M&A in defense and commercial markets, as well as share buy-backs."

Bank of America also highlighted risks for investing in General Dynamics:

  • 1. Downturn in demand for business jets
  • 2. Weakening strength of the U.S. dollar
  • 3. Decline in the US defense budget
  • 4. Poor execution on defense programs which will hurt the company's profit margins

General Dynamics Corp. closed Monday at $136.94.

Latest Ratings for GD

Sep 2020Goldman SachsDowngradesBuySell
Sep 2020Morgan StanleyInitiates Coverage OnUnderweight
Aug 2020Argus ResearchDowngradesBuyHold

View More Analyst Ratings for GD
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Posted-In: Bank of America Kristine Liwag Ronald EpsteinAnalyst Color Reiteration Analyst Ratings

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