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Fly News Breaks for August 16, 2019
KTOS
Aug 16, 2019 | 07:32 EDT
Canaccord analyst Ken Herbert met with Kratos Defense management and came away confident the recent weakness in the shares is a buying opportunity. The analyst believes the organic outlook into 2020-2021 remains very healthy and he continues to expect potential contract awards to be positive catalysts. He said the organic upside potential would represent incremental upside to current estimates. Herbert reiterated his Buy rating and $28 price target on Kratos Defense shares.