JMP Securities analyst Trevor Walsh initiated coverage of Kratos Defense with an Outperform rating and $27 price target. The analyst likes Kratos as an opportunity for long-term capital appreciation. There are several fundamental aspects to the company that will fuel upside in the stock, including a large total addressable market spanning unmanned systems, space and satellites, turbine technologies, microwave electronics, and more, as well as strong product bases in rapidly growing new defense markets, the analyst tells investors in a research note.
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