Karman price target raised to $93 from $78 at RBC Capital

RBC Capital raised the firm’s price target on Karman (KRMN) to $93 from $78 and keeps an Outperform rating on the shares as part of its broader research note previewing Q3 results in the Aerospace & Defense space. The defense fundamentals remain strong, with limited risk from the U.S. government shutdown and the potential for contract timing delays, the analyst tells investors in a research note. The firm continues to expect companies to be rewarded for capacity expansion, and believe the set-up for an acceleration in contract awards post-shutdown and into Q1 remains positive considering the $113B from the OBBB and the ~22% increase in the investment accounts in the FY26 DoD budget request, RBC added.