General Dynamics price target raised to $393 from $388 at UBS

UBS raised the firm’s price target on General Dynamics (GD) to $393 from $388 and keeps a Neutral rating on the shares. Demand is strengthening across most segments, with Gulfstream, Combat Systems, and Marine driving a solid outlook and supporting free cash flow growth even amid sharply higher capex, the analyst tells investors in a research note. Despite a multi-year earnings runway, margin trends and conservative guidance keep estimates largely unchanged and suggest consensus expectations may need to moderate, UBS says.