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Fly News Breaks for May 4, 2018
HII
May 4, 2018 | 05:42 EDT
Wells Fargo analyst Sam Pearlstein upgraded Huntington Ingalls to Outperform with a $260 price target following yesterday's 10% selloff. Following yesterday's Q1 earnings report, the analyst believes the company's free cash flow will be higher than previously expected in 2019. This, coupled with a lower stock price, makes Huntington Ingalls "much cheaper than its defense peers," Pearlstein tells investors in a research note.
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