Market Overview

UPDATE: Bank of America Raises PO to $40 on Huntington Ingalls Following Improved Execution

Related HII
Benzinga's Top Upgrades, Downgrades For January 12, 2017
10 Notable Stocks Trading Ex-Dividend Tuesday, November 22

Bank of America maintained Huntington Ingalls Industries (NYSE: HII) with an Underperform rating and raised the price objective from $30.00 to $40.00.

Bank of America noted, "We are raising our 2013 EPS estimate to $3.80 from $3.75. We are increasing our Ingalls segment operating margin to 5.5% from 4.5% as HII executed better than we expected. … Considering the company's execution history, we remain comfortable below management's long-term guidance of greater than 9% operating margins by 2015. We are increasing outyear EPS estimates as we account for 2% interest income earned on cash accumulated in the balance sheet."

Huntington Ingalls Industries closed at $47.76 on Thursday.

Latest Ratings for HII

Jan 2017Bank of AmericaUpgradesNeutralBuy
Dec 2016Deutsche BankMaintainsBuy
Sep 2016Cowen & Co.DowngradesOutperformMarket Perform

View More Analyst Ratings for HII
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Price Target Analyst Ratings


Related Articles (HII)

View Comments and Join the Discussion!