Chardan Capital Markets Upgrades The KEYW Holding Corporation (KEYW) to Buy

Chardan Capital Markets upgraded The KEYW Holding Corporation (NASDAQ: KEYW) from Neutral to Buy with a price target of $8.00.

Analyst James McIlreee commented, "We are raising our recommendation on KEYW to a Buy with a $8.00 price target. The company announced as we mostly expected and even more hoped the intent to sell its commercial cyber platform, Hexis. With this sale EBITDA will instantly improve, the string of earnings disappointments could diminish and management can fully focus on growing the government services business. We estimate EBITDA this year of $34 million, but closer to $38 million ex-Hexis. At $8.00 per share, EV/EBITDA on $38 million in EBITDA is 11.2x, the high end of the comp group, but on 2017 EBITDA of $44 million is 9.7x, in line with the comp group."

For an analyst ratings summary and ratings history on The KEYW Holding Corporation click here. For more ratings news on The KEYW Holding Corporation click here.

Shares of The KEYW Holding Corporation closed at $4.64 yesterday.

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