Gautam Khanna Reaffirms Buy on Huntington Ingalls, Trims Price Target to $420 on Updated Assumptions and Margin Upside
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TD Cowen analyst Gautam Khanna has reaffirmed a Buy rating on Huntington Ingalls, adjusting the price target to $420. He cites strong demand visibility and execution upside, viewing the recent share pullback as excessive given the company's solid long-term outlook. The U.S. Navy's shipbuilding roadmap supports sustained funding, and upcoming contract awards may lead to earnings outperformance. Khanna believes improving productivity and a shift from low-margin contracts will enhance margins, justifying the Buy rating despite the price target reduction. Goldman Sachs also maintains a Buy rating with a $435 target.
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