Stifel raised the firm’s price target on Kratos Defense (KTOS) to $54 from $52 and keeps a Buy rating on the shares following last week’s $500M equity raise. The firm is “excited” about the optionality the new incremental cash provides the company, and says management may comment on the Q2 earnings call on where they are intending to direct this new cash, the analyst tells investors in a research note.
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Read More on KTOS:
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