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UPDATE: UBS Upgrades Huntington Ingalls Industries

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Benzinga's Top Downgrades
Earnings Scheduled For May 5, 2016

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

DateFirmActionFromTo
May 2016Stifel NicolausDowngradesHoldSell
Jan 2016Guggenheim SecuritiesInitiates Coverage onBuy
Jan 2016Credit SuisseUpgradesUnderperformNeutral

View More Analyst Ratings for HII
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Posted-In: Darryl Genovesi UBSUpgrades Price Target Analyst Ratings

 

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