UPDATE: Sterne Agee Group Reiterates Buy Rating, Raises PT on KEYW Holding Corp.

In a report published Friday, Sterne Agee Group reiterated its Buy rating on KEYW Holding Corp.

, and raised its price target from $14.00 to $16.00. Sterne Agee noted, “KEYW will acquire Sensage, Inc., a commercial-oriented cyber security provider and partner on ‘Project G.' The focus of the acquisition was to accelerate the commercial effort; however, Sensage does bring a small portfolio of commercial customers. Additionally, by in-housing Sensage KEYW will garner a larger share from the program. As KEYW continues to move the commercial effort closer to realization, valuations will follow and ratchet higher.” KEYW Holding Corp. closed on Thursday at $13.29.