Bernstein raised the firm’s price target on General Dynamics (GD) to $388 from $355 and keeps a Market Perform rating on the shares following quarterly results. The firm notes the beat was driven by strong revenue in Marine Systems and Aerospace. Bernstein’s revenue estimates are raised to $51.9B from $51.8B and to $54.2B from $53.4B in 2025 and 2026, respectively. Its EPS estimate for 2025 is increased to $15.32 from $15.26, primarily from higher sales, slightly offset by lower Aerospace margins from the G800 transition.
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