Karman price target raised to $75 from $58 at Evercore ISI

Evercore ISI raised the firm’s price target on Karman (KRMN) to $75 from $58 and keeps an Outperform rating on the shares. Thanks to expanding defense budgets and the company’s next-gen solutions focus, Karman is poised for strong top-line growth, says the analyst, who also sees Karman standing out with its sole-sourced solutions with over 90% of revenues tied to proprietary intellectual property and “a diverse program portfolio.”