BUZZ-Stifel hikes defense firm Kratos' PT on strong drone orders; shares rise

Reuters
01/13
BUZZ-<a href="https://laohu8.com/S/SFB">Stifel</a> hikes defense firm Kratos' PT on strong drone orders; shares rise

** Stifel lifts PT on Kratos Defense & Security Solutions KTOS.O to $134 from $112; maintains rating at "buy"

** New PT is a 13.7% upside to stock's last close

** KTOS up nearly 2% at about $120 premarket

** Brokerage cites co's strong Valkyrie drone orders and hypersonic program progress, with focus on low-cost and mass-producible weapons driving market share gains

** Says Northrop Grumman's NOC.N choice of KTOS's Valkyrie for the USMC program signals strong confidence, driven by lower cost, proven flight record and growing strategic relevance

** U.S. President Donald Trump on Wednesday called for a 2027 U.S. military budget of $1.5 trillion, up sharply from this year's $901 billion

** 15 of 18 brokerages rate KTOS "buy" or higher, 3 "hold"; median PT is $100 - data compiled by LSEG

** KTOS rose nearly 188% in 2025

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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