Market Overview

UPDATE: UBS Upgrades Huntington Ingalls Industries

Related HII
Stocks Hitting 52-Week Highs
Universal Pegasus International Receives Engineering Contract Award From Dominion Resources

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

Dec 2014CitigroupMaintainsBuy
Nov 2014BarclaysMaintainsUnderweight
Aug 2014UBSUpgradesNeutralBuy

View More Analyst Ratings for HII
View the Latest Analyst Ratings

Posted-In: Darryl Genovesi UBSUpgrades Price Target Analyst Ratings


Related Articles (HII)

Around the Web, We're Loving...

Get Benzinga's Newsletters