BTIG raised the firm’s price target on Kratos Defense (KTOS) to $95 from $80 and keeps a Buy rating on the shares. The firm is positive in the company’s ‘ investments in tactical drones and hypersonics that have materialized into strong customer orders, the analyst tells investors in a research note. Kratos’ recent awards, including MACH TB 2.0, Project Anaconda (AN/SPY-1 radar systems), and Project Helios, were made possible by the company committing capital to emerging opportunities, the firm added.
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