- RBC Capital analyst Ken Herbert initiated coverage on General Dynamics Corp (NYSE:GD) with Outperform rating and a price target of $275, implying an upside of 19%.
- The analyst states that GD is a leading supplier of business jets, government IT services, ships, and ground equipment for the aerospace and defense industry. It faces near-term risk associated with the broader economic outlook, he added.
- Also Read: General Dynamics Lands $1.1B Foreign Military Sales Order
- GD is investing to substantially increase its Gulfstream jet production, which should be a source of revenue and margin upside through 2024 as the company looks to further its competitive position.
- Herbert believes the company faces substantial execution risk, but the rating reflects the ability to own a leading global brand at an attractive valuation.
- Price Action: GD shares are trading lower by 0.89% at $231.61 on the last check Tuesday.
SAP Updates Mid-Term Financial Ambition 2025 And Announces Share Repurchase Program Of TO To €5B; Sees FY25 Cloud Revenue €21.5B; Total Revenue Of +€37.5B
For 2025, the company now expects:
Cloud revenue of more than €21.5bn
Total revenue of more than €37.5bn
Non-IFRS cloud gross profit of approximately €16.3bn
Non-IFRS operating profit of
