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UPDATE: UBS Upgrades Huntington Ingalls Industries

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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
Jul 2016Deutsche BankMaintainsBuy
May 2016Stifel NicolausDowngradesHoldSell
Jan 2016Guggenheim SecuritiesInitiates Coverage onBuy

View More Analyst Ratings for HII
View the Latest Analyst Ratings

Posted-In: Darryl Genovesi UBSUpgrades Price Target Analyst Ratings

 

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