Noble Capital raised the firm’s price target on Kratos Defense (KTOS) to $38 from $30 and keeps an Outperform rating on the shares. The firm, which continues to believe Kratos shares benefit from investor belief in the Trump Administration’s determination to increase defense spending and “allocate more dollars to areas in Kratos’ wheelhouse,” remains positive on the growth potential for Kratos, both on the defense and commercial sides.
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