RBC Capital lowered the firm’s price target on Karman (KRMN) to $35 from $38 and keeps an Outperform rating on the shares after its FY24 results. The company’s Q4 earnings were in-line with the preliminary flash results, and with the inclusion of the recent MTI acquisition, the FY25 guide was still higher than expectations, implying 19% organic growth, the analyst tells investors in a research note.
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