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Kratos Defense & Security Solutions (NASDAQ:KTOS) Raised to Buy at Jefferies Financial Group
Jefferies Financial Group upgraded Kratos Defense & Security Solutions (NASDAQ:KTOS) from a “hold” to a “buy” rating, setting an $85 price target, representing a potential 26.28% upside. This upgrade follows Kratos’s strong quarterly performance, where it surpassed EPS and revenue expectations. Despite significant insider selling, institutional investors and hedge funds maintain substantial ownership in the company.