General Dynamics Corporation (GD) a Moderate Buy, Per Wall Street

General Dynamics Corporation (NYSE:GD) is among the 10 Best Defense Stocks to Buy in the S&P 500. On January 15, Susquehanna hiked its price target on the stock to $420 from $405 and maintained a Positive rating, as part of the firm’s broader analysis of the industry.

On the same day, UBS reiterated a Neutral rating on the stock and raised its price target to $388 from $381. As of the close on January 19, the aerospace and defense company is a Moderate Buy based on the ratings of 15 analysts. The stock has a one-year average share price target of $390.62, representing an upside of 6.33%.

In other news, on January 12, General Dynamics Corporation (NYSE:GD) announced that its business unit General Dynamics Information Technology (GDIT) had secured a $988 million contract to modernize the U.S. Navy’s C5ISR systems.

As part of the agreement, GDIT will modernize and integrate these systems across all surface combatant ships through services such as engineering, logistics, procurement, and installation, thereby enhancing the operational effectiveness of naval assets.

General Dynamics Corporation (NYSE:GD) is a leading global aerospace and defense company, operating through its Aerospace, Marine Systems, Combat Systems, and Technologies segments.

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Disclosure: None.