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UPDATE: Drexel Hamilton Upgrades Huntington Ingalls Industries to Buy on EPS Outlook

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Huntington Ingalls Industries' VP Of Program Management Richard Schenk To Retire
Earnings Scheduled For February 18, 2016
Notable earnings before Thursday's open (Seeking Alpha)

Drexel Hamilton raised its rating on Huntington Ingalls Industries (NYSE: HII) from Hold to Buy with a price target of $47 a share.

Drexel Hamilton noted, "We are raising our rating on shares of HII from Hold to Buy as we believe earnings risk from low-margin “problem programs” is rapidly declining. As risk from these programs abates, the likelihood of margins increasing at the Ingalls unit thereby rises, which should drive double-digit earnings growth for the company overall for the next three years, we believe."

Huntington Ingalls Industries closed at $40.23 on Wednesday.

Latest Ratings for HII

DateFirmActionFromTo
Jan 2016Guggenheim SecuritiesInitiates Coverage onBuy
Jan 2016Credit SuisseUpgradesUnderperformNeutral
Jan 2016Cowen & CompanyUpgradesMarket PerformOutperform

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Posted-In: Drexel HamiltonAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

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