Karman price target raised to $38 from $35 at RBC Capital

RBC Capital analyst Ken Herbert raised the firm’s price target on Karman (KRMN) to $38 from $35 and keeps an Outperform rating on the shares ahead of its Q4 results. The company is well-positioned under the Defense Department budget priorities, with missile defense and space likely shielded from spending cuts, the analyst tells investors in a research note. Karman’s 2025 revenue outlook also remains the focus for Investors, and the firm continues to see this as a potential catalyst, RBC adds.