BofA/Merrill Lynch analyst Robert Epstein reiterated a Buy rating and boosted his price target on Huntington Ingalls (NYSE: HII) to $150.00 (from $130.00) following Q4 results.

The firm is raising 2015 EPS estimates on higher pension income. 2015 GAAP EPS goes from $8.60 to $8.80.

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Shares of Huntington Ingalls closed at $133.00 yesterday.