HII price target raised to $300 from $250 at BofA

BofA analyst Ronald Epstein raised the firm’s price target on HII to $300 from $250 and keeps an Underperform rating on the shares following the company’s investor day. The firm was encourage by HII’s emphasized commitment to its people across all three operating segments, telling investors that it sees culture as being “one of the foremost indicators of a successfully operating company” and looks favorably on the investment HII makes in annual workforce training and mentorship programs. However, it worries that with many players fighting over the same pool of money, names with more experience, relationships, and exposure to defense-wide programs “may have a better chance at taking home some of the allocated advanced tech funding,” the analyst added.