General Dynamics gets 'neutral' rating as Citigroup starts coverage
Citigroup starts coverage on Gulfstream jet maker General Dynamics GD.N with "neutral" rating and a price target of $371
New PT represents an upside of 8.6% from stock's last close
Brokerage says all four GD segments have steadily increased their backlog with drastic upticks in marine and technologies in recent quarters, alongside strong year-over-year revenue growth
Marine Systems is poised to be a significant beneficiary with investments supporting Columbia and Virginia class subs - Citigroup
Says that GD's recent FAA certification of G800 aircraft, next-gen Gulfstream large-cabin, is a key catalyst
Fourteen of 24 brokerages rate the stock "buy" or higher, nine "hold" and one "sell"; their median PT is $381, according to data compiled by LSEG
Including session's moves, shares up 29% YTD
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