JPMORGAN DOWNGRADES GENERAL DYNAMICS’ RATING
JPMORGAN is downgrading the rating of General Dynamics from “Neutral” to “OW” (overweight). The decision to downgrade GD comes as the Gulfstream backlog soared from $11.8 billion at the end of March to $18.1 billion at the end of the second quarter (BA, July 28/37). JPMorgan credited GD for a “nice...
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