Market Overview

UPDATE: Huntington Ingalls Upgraded at Bank of America

Share:
Related HII
Earnings Scheduled For August 6, 2015
Top 4 Mid-Cap Stocks In The Aerospace/Defense Products & Services Industry With The Lowest PEG Ratio

In a report published Tuesday, Huntington Ingalls (NYSE: HII) was upgraded from an Underperform to a Buy rating by Bank of America analyst Ronald Epstein. The price target has also shifted from $64 to $102.

Bank of America highlighted, "We derive our PO using 14x one-year forward P/E multiple on 2015 estimates. Post the Bipartisan Budget Deal of 2013, we are more constructive regarding our fundamental outlook on HII."

HII closed Monday $90.04 and is currently trading up at $92.51.

Latest Ratings for HII

DateFirmActionFromTo
Aug 2015Credit SuisseMaintainsUnderperform
May 2015Bank of AmericaDowngradesBuyNeutral
May 2015BernsteinDowngradesOutperformMarket Perform

View More Analyst Ratings for HII
View the Latest Analyst Ratings

Posted-In: Bank of America Ronald EpsteinAnalyst Color Upgrades Analyst Ratings

 

Related Articles (HII)

Get Benzinga's Newsletters