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Fly News Breaks for January 17, 2017
KTOS
Jan 17, 2017 | 07:14 EDT
Canaccord analyst Ken Herbert initiated Kratos Defense with a Buy citing belief the company is at an inflection point in its business. The analyst expects fundamentals to continue to improve as the company successfully executes on its near and long-term strategy and for the stock to continue its outperformance. He believes the current and potential portfolio in the unmanned business represents significant upside. Herbert has a $10 price target on Kratos Defense shares.
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