It's time to buy U.S. military shipbuilder Huntington Ingalls Industries , JPMorgan said. The bank upgraded the military shipbuilding company to overweight from neutral in a Thursday note, although lowered its price target to $247 from $250. Huntington Ingalls shares have struggled this quarter, losing 10.7% in that time. However, analyst Seth Seifman sees this as a buying opportunity for investors. Analysts are split on the stock, with just five rating it a buy or a strong buy, Refinitiv data shows.

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Persons: Huntington, Huntington Ingalls, Seth Seifman, Seifman, — CNBC's Michael Bloom Organizations: Huntington Ingalls Industries, JPMorgan, Defense, Navy, Navy Procurement