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Kratos Defense & Security Solutions (KTOS)
Lowering Rating to Market Perform from Outperform on Price Appreciation
Downgrading to Market Perform.We are lowering our rating to Market Perform from our previous Outperform as KTOS shares have topped our $20.00 12-month price target. We continue to believe in the long run potential of the Company but believe the shares may have gotten ahead of actual operating performance.
Significant Price Appreciation YTD. Since the beginning of the year, KTOS shares have appreciated 63.1%, well in excess of the Russ...
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.