Wells Fargo Downgrades General Dynamics to Equal-Weight, Lowers Price Target to $317
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Matthew Akers has downgraded General Dynamics from Overweight to Equal-Weight and reduced the price target from $334 to $317.
October 01, 2024 | 2:23 pm
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NEGATIVE IMPACT
Wells Fargo has downgraded General Dynamics from Overweight to Equal-Weight, reducing the price target from $334 to $317. This suggests a more cautious outlook on the stock.
The downgrade from Overweight to Equal-Weight indicates a less bullish stance by Wells Fargo, which could lead to a negative short-term impact on GD's stock price. The lowered price target further supports this cautious outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100