UPDATE: Jefferies Assumes Coverage on Kratos Defense & Security at Hold on Multiple Challenges Ahead


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In a report published Monday, Jefferies analyst Sheila Kahyaoglu assumed coverage on Kratos Defense & Security (NASDAQ: KTOS) with a Hold rating, and raised the price target from $5.00 to $7.10.

In the report, Jefferies noted, “We assume coverage with a HOLD rating. Our rating is based on the following: 1) Reported revenue growth slows as acquisition contribution winds down; 2) Margin expansion proves to be difficult; and 3) Financial leverage limits strategic flexibility. Progress with the following elements would have us re-visit our rating.”

Kratos Defense & Security closed on Friday at $7.04.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorInitiationAnalyst RatingsJefferiesSheila Kahyaoglu