General Dynamics price target raised to $385 from $360 at Morgan Stanley

Morgan Stanley analyst Kristine Liwag raised the firm’s price target on General Dynamics (GD) to $385 from $360 and keeps an Equal Weight rating on the shares. Q3 results “offered a lot to like,” including that Gulfstream’s new product delivery ramp is getting smoother and Defense bookings strength that “bodes well,” says the analyst, who still sees a balanced risk reward.