Kratos Defense price target raised to $44 from $38 at Noble Capital

Noble Capital raised the firm’s price target on Kratos Defense (KTOS) to $44 from $38 and keeps an Outperform rating on the shares. The shares have risen above the prior target, the analyst tells investors in a research note. The firm views the company’s recent awards and demonstrations as further confirmation of the Kratos strategy “in providing leading edge disruptive technology products and systems.” It remains positive on the growth potential for Kratos, both on the defense and commercial sides.