Huntington Ingalls Industries Soars 1.95% on Goldman Sachs Upgrade

Huntington Ingalls Industries (HII) shares surged 1.95% today, marking the fifth consecutive day of gains, with a 19.99% increase over the past five days. The stock price reached its highest level since October 2024, with an intraday gain of 2.66%.

One of the key drivers behind the recent surge in Huntington Ingalls Industries' stock price is the double upgrade from Goldman Sachs. The investment bank raised its rating for the company from "sell" to "buy" and increased the price target from $145 to $234. This significant upgrade has contributed to the positive momentum in the stock, reflecting a renewed confidence in the company's prospects.

Additionally, the U.S. government's executive order aimed at enhancing shipbuilding in America has had a positive impact on Huntington Ingalls Industries' stock performance. The order, which seeks to bolster domestic shipbuilding capabilities, has provided a tailwind for the company, as it is well-positioned to benefit from increased demand and government support in this sector.