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Benzinga

Business

Vaishali Prayag

Kratos Defense Stock Is Rising Monday: What's Going On?

Kratos Kratos Defense Benchmark KTOS

Kratos,Defense,And,Security,Solutions,Sign,And,Logo,On,Silicon

Shares of Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) are trading higher Monday following an upwardly revised price target and more bullish outlook from Benchmark.

What To Know: The firm raised its 12-month price target for Kratos Defense to $48 from $40, citing new federal defense funding and rising global tensions that underscore Kratos' relevance in future conflicts.

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