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Fly News Breaks for March 2, 2018
KTOS
Mar 2, 2018 | 08:02 EDT
Canaccord analyst Ken Herbert noted Kratos Defense reported better than expected revenues and adjusted EBITDA for Q4. He said he was encouraged by management's attention to increasing its focus on working capital, which is reflected in the expected strong free cash flow improvement in 2018. Herbert reiterated his Buy rating and $15 price target on Kratos Defense shares.
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