General Dynamics inches up after Deutsche Bank upgrades to 'buy', lifts PT

Shares of aerospace and defense firm General Dynamics GD.N up 1% at $299 in early trade

Deutsche Bank upgrades co to 'buy' from 'hold', lifts PT to $342 from $298, an upside of 16% to the stock's last close

Expects co's EPS to beat Wall Street estimates by 6% and optimistic co will raise annual EPS forecast

In April, co's Q1 adj EPS and revenue beat estimates

Average of 24 brokerages rate the stock equivalent to 'hold', median PT is $297.50- data compiled by LSEG

Including session moves, shares are up 13.4% YTD