Noble Capital raised the firm’s price target on Kratos Defense (KTOS) to $145 from $95 and keeps an Outperform rating on the shares. Interest in the defense sector is partially being driven by the Trump Administration’s goal to increase the 2027 defense budget by 50% to $1.5 trillion, notes the analyst, who believes “abundant opportunities across the business,” potential positive increases in the defense budget, and solid execution present “strong” upside potential.
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