General Dynamics upgraded to Neutral from Sell at Goldman Goldman upgraded General Dynamics to Neutral citing a balanced risk/reward but notes it still prefers other large-cap Defense names. Goldman raised its price target for shares to $112 from $102.
Spirit AeroSystems likely to collect some funds from Gulfstream,says Wells Fargo After Spirit AeroSystems (SPR) disclosed in a February 13 regulatory filing that it had settled its dispute with General Dynamics' (GD) Gulfstream unit with respect to amounts due on G650 deliveries from 2010 through Q3 2013, Wells Fargo expects Spirit to collect some of the $135M that it held n retainage in accounts receivable for Gulfstream underpayments as of the end of last year. The firm says it cannot estimate the amount that Spirit will collect. It keeps an Outperform rating on Spirit.