Stifel analyst Jonathan Siegmann raised the firm’s price target on Kratos Defense (KTOS) to $134 from $112 and keeps a Buy rating on the shares, citing both the company’s order momentum in Valkyrie drones and signs of progress in their key hypersonic testing program. The firm continues to expect the stock to move higher as Kratos continues to win and expand their new franchise contract awards, the analyst tells investors.
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