Bernstein raised the firm’s price target on General Dynamics (GD) to $398 from $388 and keeps a Market Perform rating on the shares. The firm notes 2026 had a volatile start with the capture of Maduro, an Executive Order on capital deployment and executive comp, and President Trump’s post that he wants a $1.5T budget. Overall, Bernstein believes 2026 sets up positively, but it acknowledges there remains high uncertainty.
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