Huntington Ingalls (HII) PT Raised to $280 at Cowen

November 8, 2019 8:28 AM EST
Get Alerts HII Hot Sheet
Price: $203.75 +0.78%

Rating Summary:
    10 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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Cowen analyst Gautam Khanna raised the price target on Huntington Ingalls (NYSE: HII) to $280.00 (from $250.00) while maintaining an Outperform rating.

The analyst commented, "Q3 broke HII's negative revision streak with better NNS margin, FCF, and overall execution (e.g. TS). Mgmt affirmed its 9-10% shipbuilding margin target for 2020, & net cash inflows from pension in C20 looks higher than prior expectations--both positives. New PT = $280 (5.4% C20E FCF yield)."

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