General Dynamics Stock Lower After Analyst Downgrade

Defense stock General Dynamics Corp (NYSE:GD) attracted a downgrade from Jefferies to "hold" from "buy," in addition to a price-target cut to $300 from $345. The brokerage cited delivery delays for the company's G700 aircrafts associated with engine shipment setbacks, as well as extended certification times for custom interiors. GD is down 1.5% at $261.47 at last check, trading at its lowest level since January. The shares gapped lower from a Nov. 14, record high of $316.90 after President-Elect Donald Trum ...