BofA/Merrill Lynch Downgrades Huntington Ingalls (HII) to Neutral

BofA/Merrill Lynch downgraded Huntington Ingalls (NYSE: HII) from Buy to Neutral with a price target of $106.00 (from $102.00), citing valuation as the shares approach fair value.

Analyst Ronald Epsteinc believes the stock price already incorporates the company’s recent improvement in margins and the more constructive fundamental outlook following the Bipartisan Budget Deal of 2013."

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 $99.70 yesterday.

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