Reported 1 day ago
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) experienced a 10.91% increase in stock price to $45.84 after Truist Securities raised its price target from $38 to $52, maintaining a 'buy' recommendation. The upgrade is linked to Kratos' plan to raise $500 million through issuing additional shares to fund new projects expected to significantly boost revenue.
Source: YAHOO