Kratos Awarded $8 Million Contract to Provide Contractor Logistics Support for Naval Training Devices

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Jefferies Raises Price Target on Kratos Defense (KTOS) to $5; Reiterates Hold

May 5, 2016 9:18 AM EDT

Jefferies reiterated a Hold rating on Kratos Defense & Security (NASDAQ: KTOS), and raised the price target to $5.00 (from $4.15), following the company's 1Q earnings report. KTOS reported an adjusted EPS of ($0.13). Management reaffirmed 2016 Revenue and Adjusted EBITDA levels to be flat with 2015 volume of $657MM and... More