Kratos Defense & Security (KTOS) Reiterated at Market Outperform by Citizens: Still Liked

Citizens analyst Trevor Walsh reiterated a Market Outperform rating and $125.00 price target on Kratos Defense & Security (NASDAQ: KTOS).

The analyst commented, "We continue to like Kratos as an opportunity for long-term capital appreciation for the following reasons: 1) a large TAM spanning unmanned systems, space & satellites, turbine technologies, microwave electronics, and more; 2) strong product bases in rapidly growing new defense markets; 3) a competitive advantage (in terms of product development agility and cost management) over large prime defense contractors; 4) business elements that do not rely on elevated geopolitical conflict and/or high-op tempo [operational tempo] (C5ISR, Space & Satellites, Training, and Cybersecurity); and 5) a strong position as the leading edge for hypersonic testing and platforms."

For an analyst ratings summary and ratings history on Kratos Defense & Security click here. For more ratings news on Kratos Defense & Security click here.

Shares of Kratos Defense & Security closed at $94.31 yesterday.

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