Citizens lowered the firm’s price target on Kratos Defense (KTOS) to $105 from $125 and keeps an Outperform rating on the shares. Kratos warrants a premium multiple due to growth drivers across established and emerging defense markets, as well as geopolitical tailwinds supporting a production capability ramp across the breadth of Kratos Government Solutions and Unmanned Systems offerings, the analyst tells investors in a research note.
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- Kratos Defense Signals Strong Growth Amid Cash Strain
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