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Kratos Defense and Security Solutions Stock Surges on Analyst Optimism
Kratos Defense and Security Solutions Stock Surges on Analyst Optimism
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BTCCSquare news:
Kratos Defense and Security Solutions (KTOS) shares climbed 17% this week, extending last week's 11% gain. The rally follows bullish analyst commentary highlighting growth potential in unmanned systems, space technology, and defense contracts.
Citizens JMP analyst Trevor Walsh raised his price target to $105 from $70, citing multiple expansion opportunities. The Optimism intensified after Kratos secured a $175 million U.S. Navy contract for radar system upgrades, prompting another firm to lift its target to $120.
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