Jefferies Assumes Kratos Defense & Security (KTOS) at Hold, $7.10 PT

Jefferies assumes coverage on Kratos Defense & Security (NASDAQ: KTOS) with a Hold. PT $7.10 (from $5.00).

The firm's Our rating is based on the following: 1) Reported revenue growth slows as acquisition contribution winds down; 2) Margin expansion proves to be difficult; and 3) Financial leverage limits strategic flexibility.

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 $7.17 yesterday.

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