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Fly News Breaks for February 26, 2018
KTOS
Feb 26, 2018 | 07:41 EDT
Canaccord analyst Ken Herbert previewed Kratos Defense's Q4 results, which are expected this week, and said its recent contract activity and updated 2018 guidance will be positives on its conference call. He sees near-term risk to the EBITDA ramp as investments to support growth continue, but he sees the recent contract announcements providing greater confidence in 2018 upside. Herbert reiterated his Buy rating and $15 price target on Kratos Defense shares.