Kratos Defense price target raised to $33 from $27 at JPMorgan

JPMorgan raised the firm’s price target on Kratos Defense (KTOS) to $33 from $27 and keeps a Neutral rating on the shares. After having hosted a call with Kratos CEO Eric DeMarco and CFO Deanna Lund, the firm tells investors that the company seems well-aligned with the administration’s defense priorities and is “therefore poised for growth in several areas.”