RBC Capital raised the firm’s price target on Karman (KRMN) to $125 from $85 and keeps an Outperform rating on the shares after its above-consensus FY25 pre-announcement and better than expected FY26 guidance. The expansion into the high-priority marine defense market complements the fast-growing missile and space portfolio, and M&A will continue to be a source of value creation for Karman, the analyst tells investors in a research note.
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