Why Huntington Ingalls Stock Popped 6% Today
Huntington Ingalls (NYSE: HII) stock has been a losing bet for defense investors this month. Shares of the Navy shipbuilder got torpedoed for an 18% loss in the first week of February after "missing earnings" in its Q4 2024 report. Bouncing back briefly, the stock continued to float around the $160-a-share level -- until today.
Huntington Ingalls stock is getting a lift from investment banker , which issued a note over the holiday weekend, in which it suggested the stock is being unfairly punished for its miss. As of 2:50 p.m. ET, the stock was up around 5%.
In a brief note carried on The Fly this morning, Citi cut its Huntington Ingalls price target to $235 per share. Nevertheless, the banker maintained its "buy" rating on HII stock.
Source Fool.com
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