Citi initiated coverage of General Dynamics (GD) with a Neutral rating and $371 price target The firm launched coverage on 24 stocks in the aerospace and defense sector, saying the group faces a “number of megatrends” across commercial aerospace, defense, shipbuilding, and space. Citi sees these trends creating at least one trillion-dollar market cap company in the coming years. GE Aerospace could get there in as little as five years, Citi contends. The firm calls RTX “the Marquee Megatrend stock” and believes Boeing is an “unusually attractive mega-cap turnaround” story. The analyst expects improving trends in Q4 and continued momentum in Q1 for the sector.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GD:
- General Dynamics Announces Upcoming Controller Transition
- Danny Deep Appointed President of General Dynamics
- General Dynamics NASSCO enters into tri-party MOU in South Korea
- Western Digital, Norwegian Cruise, Lemonade, General Dynamics, EA: Insider Moves Unveiled!
- Trump Weekly: White House postpones healthcare proposal after backlash