Evercore ISI raised the firm’s price target on Karman (KRMN) to $125 from $110 and keeps an Outperform rating on the shares. The acquisition of Seemann & MSC is “a strategic win” that offers expansion into Maritime Defense and enhances exposure to high-priority Department of War programs, says the analyst, who views the deal boosting Karman’s growth trajectory “significantly.” Karman’s has raised its calendar 2025 and 2026 guidance significantly above Street estimates, reflecting the positive impact of the acquisition, the analyst noted.
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