Kaufman Bros. Starts Kratos Defense & Security (KTOS) at Hold; Strategically Aligned in Sweet Spot of Defense Spending Environment
KTOS Hot Sheet
Rating Summary:3 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Kaufman Bros. initiates coverage on Kratos Defense & Security (NASDAQ: KTOS) with a Hold.
Kaufman analyst says, "The rationale behind our HOLD rating stems from the still-moving parts, limited visibility and potential integration risks surrounding the Company’s recent acquisitions of Herley Industries (Nasdaq: HRLY) and Integral Systems (Nasdaq: ISYS). As a small cap defense contractor, we believe KTOS’s business model attributes, market position within the still-compelling C4ISR sector and current corporate strategy will enable the organization to adequately navigate the current downturn in U.S. defense spending while enabling the organization to increase its size, scope and stature as a provider of proprietary defense electronics and services. On the whole, we believe KTOS has the potential to become a high quality defense electronics/C4ISR pure-play with both products and service exposure."
For more ratings news on Kratos Defense & Security click here and for the rating history of Kratos Defense & Security click here.
Shares of Kratos Defense & Security closed at $12.18 yesterday, with a 52 week range of $9.36-$14.77.
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Kaufman analyst says, "The rationale behind our HOLD rating stems from the still-moving parts, limited visibility and potential integration risks surrounding the Company’s recent acquisitions of Herley Industries (Nasdaq: HRLY) and Integral Systems (Nasdaq: ISYS). As a small cap defense contractor, we believe KTOS’s business model attributes, market position within the still-compelling C4ISR sector and current corporate strategy will enable the organization to adequately navigate the current downturn in U.S. defense spending while enabling the organization to increase its size, scope and stature as a provider of proprietary defense electronics and services. On the whole, we believe KTOS has the potential to become a high quality defense electronics/C4ISR pure-play with both products and service exposure."
For more ratings news on Kratos Defense & Security click here and for the rating history of Kratos Defense & Security click here.
Shares of Kratos Defense & Security closed at $12.18 yesterday, with a 52 week range of $9.36-$14.77.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
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