General Dynamics Stock Lower After Analyst Downgrade
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General Dynamics Corp (NYSE:GD) received a downgrade from Jefferies, moving from 'buy' to 'hold', and its price target was reduced from $345 to $300.
December 12, 2024 | 3:30 pm
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General Dynamics Corp was downgraded by Jefferies from 'buy' to 'hold', and its price target was reduced from $345 to $300.
The downgrade from Jefferies and the reduction in price target are likely to negatively impact General Dynamics' stock price in the short term. Downgrades typically signal reduced confidence in the company's near-term performance, which can lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100