Kratos Benefits from Current Environment, Incoming Administration -- Market Talk

Dow Jones01-07 01:35

1235 ET - Kratos Defense & Security Solutions' largest contract win, with a value of $1.45 billion over five years for hypersonic missiles, shows the company is benefiting from faster-than-expected demand for its products, Benchmark analyst Josh Sullivan says in a research note. Overall, the company is well positioned for the current environment and incoming Trump Administration, Sullivan says. Benchmark raises its target price to $38 a share from $33 previously. Shares rise 8.1% to $29.70. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

January 06, 2025 12:35 ET (17:35 GMT)

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