** 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
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
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