Gelonghui, December 12 | Yesterday, General Dynamics (GD.US), which reached a new low in the previous stage, continued to drop nearly 3% in pre-market trading, with a cumulative decline of over 15% since November 14. JPMorgan analysts indicated that as the Trump administration's Department of Government Efficiency (DOGE) seeks ways to reduce the deficit, Aerospace & Defense companies will face greater risks of federal budget cuts next year. They lowered their estimated valuation multiples for companies like Lockheed Martin and General Dynamics to reflect these risks. Wells Fargo & Co analyst Sarah Akers maintains a Hold rating on General Dynamics but has decreased the Target Price from $322 to $295. (Gelonghui)