Reported about 15 hours ago
The U.S. Navy has awarded General Dynamics Corporation (NYSE:GD) a $698 million contract, including funds for submarine components and Virginia-class submarines. Following this, Seaport Global Securities upgraded GD from Neutral to Buy, raising the price target to $376. Despite potential short-term stock price impacts from budget discussions, increased tax breaks may drive demand for business jets, reinforcing GD's status as a secure investment in the defense sector.
Source: YAHOO