In a report published Tuesday, Huntington Ingalls 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in