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Fly News Breaks for February 25, 2020
KTOS
Feb 25, 2020 | 08:00 EDT
Canaccord analyst Ken Herbert lowered its price target on Kratos Defense to $22 from $25 following its Q4 results. The analyst said the adjusted EBITDA was better than his estimates and said program opportunities remain on track. He also believes guidance is conservative and the company's position is strong relative the Department of Defense budget priorities. Herbert reiterated his Buy rating on Kratos Defense shares.
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