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Huntington Ingalls (HII) PT Raised to $335 at Wolfe Research

March 21, 2024 4:29 AM UTC

Wolfe Research analyst Myles Walton raised the price target on Huntington Ingalls (NYSE: HII) to $335.00 (from $300.00) while maintaining a Outperform rating.

The analyst comments "We raise our PT from $300 to $335, based on ~17x our '25 FCF ests (which is in-line with where the stock is currently trading on '24 ests) vs. prior 15x, which we think is warranted given the better FY25 budgetary outcome and rising market multiples. HII finished the trading day up ~0.5%, vs. the broader market +0.9% and the stock is up ~12.5% YTD and up ~50% over the past 6mo. We think... More