HII price target lowered to $145 from $188 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on HII (HII) to $145 from $188 and keeps a Sell rating on the shares after its below-consensus Q4 results and outlook. The company continues to work through supply chain and labor challenges, which pose headwinds to revenue and margins, the analyst tells investors in a research note. Shipbuilding is a cost-intensive business, with somewhat limited top-line growth, and HII is likely working its way through older contract pricing for a period of time, which risks limiting upside to earnings estimates and valuation, the firm adds.