TD Cowen raised the firm’s price target on HII (HII) to $250 from $225 and keeps a Hold rating on the shares. The firm updated its model after meetings with management where they walked away incrementally more constructive on the stock, given improving trends in labor productivity and retention, a more favorable budget backdrop for Navy ships, and relatedly, better contract terms for the company that will be forthcoming on future ship contracts.
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Read More on HII:
- HII selected for U.S. Army’s live training contract
- Defense tech startup Anduril raises $2.5B in new funding round, TechCrunch says
- Trump to make Golden Dome announcement Tuesday, Reuters reports
- HII upgraded to Overweight from Neutral at Alembic Global
- SPY ETF News, 5/7/2025
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