UPDATE: UBS Upgrades Huntington Ingalls Industries

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In a report released Monday, UBS analyst Darryl Genovesi upgrades Huntington Ingalls Industries 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.

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Posted In: UpgradesPrice TargetAnalyst RatingsDarryl GenovesiUBS
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