TD Cowen upgraded HII (HII) to Buy from Hold with a price target of $300, up from $250. The firm says U.S. Navy ship demand is “robust” while HII’s execution is improving off a very low margin base. The company’s emerging Navy contract terms may reduce HII’s financial risk profile, the analyst tells investors in a research note. TD believes the company’s upcoming contracts are “promising.”
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Read More on HII:
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