Deutsche Bank Downgrades General Dynamics to Hold, Maintains Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Scott Deuschle has downgraded General Dynamics (NYSE:GD) from Buy to Hold while maintaining the price target at $320.
July 29, 2024 | 9:28 am
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Deutsche Bank has downgraded General Dynamics from Buy to Hold, maintaining the price target at $320. This downgrade may lead to a short-term negative sentiment among investors.
The downgrade from Buy to Hold by a major financial institution like Deutsche Bank typically signals a less optimistic outlook on the stock, which can lead to a short-term decline in investor sentiment and stock price.
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IMPORTANCE 80
RELEVANCE 100