Jefferies Starts Kratos Defense & Security (KTOS) at Hold

Jefferies initiates coverage on Kratos Defense & Security (NASDAQ: KTOS) with a Hold. PT $7.00.

The firm comments, "KTOS has been transformed into a pure-play security and defense company through the acquisition of niche companies with broad defense exposure. However, lack of synergies and focus in the product portfolio coupled with a difficult operating environment should cause the shares to perform in line with the market."

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 $6.43 yesterday.

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