Karman initiated with a Buy at Truist

Truist analyst Michael Ciarmoli initiated coverage of Karman (KRMN) with a Buy rating and $89 price target The company’s broad program exposure, along with its status as an agnostic merchant supplier to nearly all major prime contractors, should enable above-peer-average growth, says the analyst, who views Karman as “one of the optimal plays in the defense sector poised to exploit opportunities across the fast-growing global missile/launch markets.”