Goldman Sachs Upgrades Huntington Ingalls (HII) to Neutral

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Goldman Sachs upgraded Huntington Ingalls (NYSE: HII) from Sell to Neutral with a price target of $39.00 (from $31.00).

The firm is not positive on the stock and believe current levels already discount expectations for better margins and a flat top line. However, they see limited downside as the Navy is emerging as the winner in DoD budget deliberations.

For an analyst ratings summary and ratings history on Huntington Ingalls click here. For more ratings news on Huntington Ingalls click here.

Shares of Huntington Ingalls closed at $39.07 yesterday, with a 52 week range of $22.62-$41.55.

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