Huntington Ingalls Shares (NYSE: HII) Fall 7% after Analyst Downgrade
11 November 2022 - 07:31PM
TipRanks
Shares of shipbuilder Huntington Ingalls (NYSE: HII) are down
roughly 7% in today's trading session. This can be attributed to an
analyst downgrade from Bank of America (NYSE: BAC). Analyst Ronald
Epstein downgraded the stock to a Sell, citing underwhelming
shipbuilding growth of 3% despite the enormous funding to modernize
U.S. Navy fleets. Is HII Stock a Good Buy? HII stock has a Hold
consensus rating based on two Buys, two Holds, and one Sell
assigned in the past three months. The average HII stock price
target of $272.75 implies 19.92% upside potential.
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