General Dynamics Corporation (NYSE:GD) is among the 12 Best Aerospace Stocks to Buy Right Now. On April 1, Wells Fargo analyst David Strauss initiated coverage on the stock with an Overweight rating and announced a share price target of $400.

In a research note to investors, the analyst said that things are looking up for the company after a series of negative earnings revisions, as it is likely to gain from an improving operating environment for shipbuilding, encouraging demand for military vehicles, and a multi-year refresh of its business jet product lineup.

In related news, on April 2, Citigroup trimmed its price target on the stock to $380 from $389, as it revised price targets for aerospace and defense companies as part of the firm’s Q1 preview.

As of the close of business on April 2, General Dynamics Corporation (NYSE:GD) is a Moderate Buy and has a one-year average share price target of $399.73, representing a 15% upside.

Last month, the company secured a $15.38 billion Navy contract modification involving the Columbia-class submarines, under which it will support the program by providing services like submarine design, sustainment, lead yard services, supplier development efforts, and enterprise planning initiatives.

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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