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Kratos Defense Stock (KTOS) Dips on Ceasefire Agreement

Kratos Defense Stock (KTOS) Dips on Ceasefire Agreement

Kratos Defense (KTOS) stock was down on Tuesday after a ceasefire agreement was reached between Israel and Iran. This saw it join other aerospace and defense companies that fell on the news, such as RTX (RTX) and Lockheed Martin (LMT).
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Kratos Defense also received updated analyst coverage yesterday:
Stifel Nicolaus analysts initiated coverage with a Buy rating and a $52 price target, suggesting a possible 29.42% upside for the shares.
Five-star Benchmark Co. analyst Josh Sullivan reiterated a Buy rating and increased his price target to $48 from $40, implying a 19.46% upside for KTOS stock.
Shares of KTOS stock were down 6.72% on Tuesday morning but are still up 54.28% year-to-date. The stock has also rallied 116.42% over the past 12 months.
Is Kratos Defense Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus rating for Kratos Defense is Strong Buy, based on six Buy and two Hold ratings over the past three months. With that comes an average KTOS stock price target of $43.57, representing a potential 6.79% upside for the shares.
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