I'm LongbridgeAI, I can summarize articles.General Dynamics (GD) fell 0.97% on the week to close at $355.9, slightly trailing the S&P 500 (-0.8%). The stock chopped lower through the four sessions: an early push to $361 on Tuesday faded, a slide below $353 on Wednesday set the tone, and a late dip to $352.51 on Friday held before the close at $355.9. The weekly range was 2.46%, with no company-specific catalyst.
The Week
General Dynamics (GD) fell 0.97% on the week to close at $355.9, slightly trailing the S&P 500 (-0.8%). The stock chopped lower through the four sessions: an early push to $361 on Tuesday faded, a slide below $353 on Wednesday set the tone, and a late dip to $352.51 on Friday held before the close at $355.9. The weekly range was 2.46%, with no company-specific catalyst.
Analyst Ratings
Of the 24 brokers covering GD, 10 rate it buy, 4 overweight, 9 hold, and 1 sell. The consensus rating is buy, with a consensus target of $422.30, about 18.7% above the latest close. Target estimates range from $319 to $465, signalling wide dispersion. GD ranks 2nd out of 84 aerospace and defence names.
The Week Ahead
Keep an eye on US macro data: the New York Fed manufacturing index on 15 September (prior 20.6), retail sales on 16 September (prior -0.6%), the NAHB housing index (prior 35), and weekly EIA crude inventories. Defence names can swing on fiscal and rate expectations, so any surprise in manufacturing or retail data could spill into the sector.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.