J.P. Morgan raises Huntington Ingalls PT as sub contracts underwrite 2025 outlook

J.P. Morgan raises price target on U.S. military shipbuilder Huntington Ingalls Industries HII.N to $235 from $190, an upside of marginal 1% to the stock's last close

Rating unchanged at "neutral"

Says VA submarine contract along with additional contracts will benefit co for rest of the year

Adds U.S. commitment to boost shipbuilding capacity will help co's performance in coming quarters

J.P. Morgan says reconciliation bill looks promising for HII

Brokerage raises 2025 adj. EPS forecast to $14.70 from $13.95

Four of 13 brokerages rate the stock "buy" or higher, 8 "hold" and 1 "sell"; their median PT is $235 - as per LSEG data

As of last close, stock had risen 23.3% YTD