UPDATE: UBS Upgrades Huntington Ingalls Industries
In a report released Monday, UBS analyst Darryl Genovesi upgrades Huntington Ingalls Industries (NYSE: HII) from Neutral to Buy, with a price target of $109.
Analysts at UBS believe Huntington will recover from its recent underperformance within the defensive sector. Genovesi adds to the note by stating Huntington is appealing in a valuation standpoint, with a PE multiple near 9x. UBS expects Huntington to raise its EBIT margin within its core segment by nine percent or more over the next 12 months.
Huntington's $109 price target is displayed from UBS DCF, giving a WACC of nine percent.
Latest Ratings for HII
|Sep 2016||Cowen & Co.||Downgrades||Outperform||Market Perform|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.