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Fly News Breaks for February 26, 2020
KTOS
Feb 26, 2020 | 07:56 EDT
Jefferies analyst Sheila Kahyaoglu upgraded Kratos Defense to Buy from Hold with a $20 price target following the 22% share price decline since the company's earnings report. The company's softer FY20 guidance is evidence of the risk from timing, but she expects continued outperformance for the Unmanned segment and also cites the company's "high value exposure" to the Space segment of the defense market.