Piper Sandler initiated coverage of Kratos Defense (KTOS) with a Neutral rating and $99 price target While the firm believes Kratos is “a disruptive production-ready defense contractor well positioned to benefit from the transformative changes in procurement within the DoD,” and views the company’s portfolio as “highly aligned” to the attractive growth categories in the industry, it notes that shares have surged about 50% over just 13 trading days in 2026. The firm believes the current rally does not present an attractive enough entry point based on the information of today, the analyst tells investors.
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