General Dynamics price target lowered to $371 from $385 at UBS

UBS analyst Gavin Parsons lowered the firm’s price target on General Dynamics (GD) to $371 from $385 and keeps a Neutral rating on the shares. General Dynamics delivered strong Q1 results across both Defense and Gulfstream, with solid revenue, margins, and bookings, along with an unusual early guidance raise, the analyst tells investors in a research note. While results were supported by favorable factors such as additional calendar days and tariff-related tailwinds, underlying performance remained robust, with Gulfstream showing faster-than-expected margin progression on the G800 program and defense demand staying strong with healthy backlog visibility, the firm says.