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UPDATE: Jefferies Lowers PT on Kratos Defense & Security Solutions on Q4 EPS

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In a report published Wednesday, Jefferies analyst Howard A. Rubel reiterated his Hold rating on Kratos Defense & Security Solutions (NASDAQ: KTOS), but lowered his price target from $6.00 to $5.00.

In the report, Rubel noted, “Kratos reported Q4 EPS of ($1.61) vs. our estimate of ($0.08). The loss was due to non-cash goodwill and intangible asset impairment charges of $96.6MM. Revenues of $263.6MM matched our forecast. Excluding one time items, we estimate KTOS broke even.”

Kratos Defense & Security Solutions closed on Tuesday at $4.48.

Latest Ratings for KTOS

DateFirmActionFromTo
Aug 2017Drexel HamiltonInitiates Coverage OnBuy
Jul 2017SunTrust Robinson HumphreyDowngradesBuyHold
Jan 2017SunTrust Robinson HumphreyInitiates Coverage OnBuy

View More Analyst Ratings for KTOS
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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