JP Morgan Upgrades Huntington Ingalls Indus to Overweight, Lowers Price Target to $247
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Seth Seifman has upgraded Huntington Ingalls Industries (HII) from Neutral to Overweight, but lowered the price target from $250 to $247.
September 28, 2023 | 9:46 am
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POSITIVE IMPACT
Huntington Ingalls Industries has been upgraded to Overweight by JP Morgan, indicating a positive outlook. However, the price target has been lowered from $250 to $247.
The upgrade to Overweight suggests that JP Morgan sees potential for HII's stock to outperform the market. However, the lowering of the price target may indicate a slightly less optimistic view on the stock's future price. This could have a mixed impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100