Kratos Defense & Security Solutions, Inc. Prices Offering of Common Stock

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Go back to Kratos Defense & Security Solutions, Inc. Prices Offering of Common Stock

Kratos Defense & Security (KTOS) PT Lowered to $8.50 at Jefferies Following Secondary Issuance

March 6, 2017 6:55 AM EST

Jefferies lowered its price target on Kratos Defense & Security (NASDAQ: KTOS) to $8.50 (from $9.60) while maintaining a Hold rating. Management projects a FY17 revenue outlook range of $700-$720MM, which is up 5%-8% from 2016. The drivers of growth are the Unmanned Systems business in... More