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BofA analyst Ronald Epstein downgraded Huntington Ingalls Industries Inc (NYSE:HII) to Neutral from Buy and lowered the price target to $215 (suggesting an upside of 13%), from $240. The analyst notes that much of the 1% topline growth in the company’s Q3 results was inorganic revenue coming from the recent Alion acquisition, with Huntington Ingalls recognizing lower volumes across its shipbuilding operations.
...read full article on Benzinga
