JPMorgan raised the firm’s price target on Kratos Defense (KTOS) to $27 from $24 and keeps a Neutral rating on the shares. The firm says the most compelling part of the company’s results is the 1.5 times book-to-bill. This, along with opportunities ahead, can drive at least a few years of double-digit growth for Kratos, the analyst tells investors in a research note.
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