KeyBanc initiated coverage of Karman (KRMN) with an Overweight rating and $80 price target The firm believes Karman is among the best positioned to benefit from areas of secular growth that are being invested in heavily from both government and commercial players. In addition to rapidly expanding budgets and initiatives, Karman’s position as a supplier for key defense and space platforms is advantageous given the Department of Defense’s aggressive push to reshore the supply of key componentry, the analyst tells investors in a research note.
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