General Dynamics (GD) NewsBite - GD Receives Positive Broker Coverage
Posted: Wednesday, September 08, 2010 1:32 PM EDT
By: Market Intelligence Center Staff
General Dynamics (NYSE: GD) opened at $58.73. So far today, the stock has hit a low of $58.59 and a high of $59.40. GD is now trading at $59.33, up $0.84 (1.44%). Over the last 52 weeks the stock has ranged from a low of $55.46 to a high of $79.00. This morning analysts at RBC Capital Markets initiated coverage on GD, starting the stock at Outperform with a $72 price target. Technical indicators for the stock are neutral and S&P gives GD a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on GD the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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