HII placed on ‘Positive Catalyst Watch’ at JPMorgan

JPMorgan analyst Seth Seifman placed HII (HII) on “Positive Catalyst Watch” following last week’s “disappointing” Q1 report. The firm believes finalizing contracts for the next ten Virginia-class and five Columbia-class submarines, which management expects this quarter, will “shore up” HII’s outlook. JPMorgan places the shares on “Positive Catalyst Watch” ahead of the awards and keeps a Neutral rating on HII with a $375 price target