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Fly News Breaks for July 26, 2019
KTOS
Jul 26, 2019 | 07:53 EDT
Canaccord analyst Ken Herbert raised his price target on Kratos Defense to $28 from $20 ahead of Q2 results scheduled for next week. He notes the current valuation may be stretched but he continues to believe the company represents a long-term holding for its organic growth pipeline, leadership position in the emerging tactical and swarming drone, hypersonics, and satellite communications markets. Herbert reiterated his buy rating on Kratos Defense shares.
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