JP Morgan Downgrades Huntington Ingalls Indus to Neutral, Raises Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Seth Seifman has downgraded Huntington Ingalls Industries (NYSE:HII) from Overweight to Neutral, while raising the price target from $280 to $285.
September 09, 2024 | 12:33 pm
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NEUTRAL IMPACT
JP Morgan has downgraded Huntington Ingalls Industries from Overweight to Neutral, indicating a less bullish outlook. However, the price target has been raised to $285, suggesting some positive expectations.
The downgrade from Overweight to Neutral suggests a less optimistic view on HII's stock performance, which could lead to a neutral or slightly negative short-term impact. However, the raised price target to $285 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100