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Fly News Breaks for February 14, 2020
HII
Feb 14, 2020 | 07:10 EDT
Credit Suisse analyst Robert Spingarn lowered his price target for Huntington Ingalls to $284 from $296 and maintained an Outperform rating following the company's Q4 results. Spingarn tells investors in a research note that the Q4 cash shortfall and walk-back on the 2020 shipbuilding margin target are both disappointing and disruptive to a narrative that had shown signs of life.
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