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Fly News Breaks for January 12, 2017
HII
Jan 12, 2017 | 07:05 EDT
As previously reported, BofA/Merrill upgraded Huntington Ingalls to Buy from Neutral. Analyst Ronald Epstein expects ship building to be a significant beneficiary of a Trump administration increase in defense spending and its strategy to improve the US' global presence without committing ground troops. The analyst said Huntington Ingalls is a pure play on US Navy growth and raised its price target to $230 from $180.
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