Bank of America Highlights Key Risks For Investors Looking At General Dynamics - General Dynamics (NYSE:GD)

Bank of America on Monday issued a company update on

General Dynamics CorporationGD

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.

Market News and Data brought to you by Benzinga APIs