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Fly News Breaks for May 28, 2019
KTOS
May 28, 2019 | 08:28 EDT
Baird analyst Peter Arment raised his price target on Kratos Defense to $25 from $19 given its exposure to some of the fastest growing and increasingly prioritized areas of the Department of Defense budget. The analyst is now modeling higher growth for products within Kratos Space and Satellite Solutions and expects the end markets to continue accelerating at high single-digit to low double-digit rates through the foreseeable future. Arment reiterated his Outperform rating on Kratos Defense shares.
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