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Jefferies Downgrades General Dynamics(GD.US) to Hold Rating, Cuts Target Price to $300
US stock market outlook | The three major futures indices show slight weakness, with both PPI and initial jobless claims data exceeding expectations; poor earnings guidance leads to Adobe dropping over 10% in pre-market trading.
Central Economic Work Conference: Implement more proactive and effective macro policies to expand domestic demand; not swayed by CPI, the U.S. bond market is more concerned with employment data; The Kroger rose more than 2.4% in pre-market trading and announced it would repurchase 7.5 billion dollars in stocks after the merger deal with Albertsons Companies fell through.
Jefferies Downgrades General Dynamics to Hold From Buy, Adjusts Price Target to $300 From $345
Goldman Sachs Downgrades General Dynamics(GD.US) to Sell Rating, Announces Target Price $245
US stock movement | General Dynamics continues to decline nearly 3% in pre-market trading as Institutions remain bearish.
Glonghui, December 12 | General Dynamics (GD.US), which hit a new low yesterday, continues to drop nearly 3% in pre-market trading, with a cumulative decline of over 15% since November 14. JPMorgan analysts stated that as the Trump administration's Office of Management and Budget seeks ways to reduce the deficit, Aerospace & Defense companies will face greater risks of federal budget cuts next year. They lowered their valuation multiples for companies such as Lockheed Martin and General Dynamics to reflect these risks. Wells Fargo & Co analyst Sarah Akers maintained a Hold rating on General Dynamics but reduced the Target Price from 3.
Trump's DOGE department plans to cut expenses as JPMorgan expresses pessimism about U.S. defense stocks.
J.P. Morgan stated that in 2025, USA defense stocks will face risks brought by DOGE.
General Dynamics (GD) Stock Falls Amid Market Uptick: What Investors Need to Know