Why Kratos Defense and Security Stock Topped the Market Today

A generous price target increase by an analyst was the development driving up the value of Kratos Defense & Security Solutions' (NASDAQ: KTOS) equity as the trading week neared its end on Thursday. The company's share price enjoyed a healthy lift of nearly 4% that day as a result, comparing favorably to the 0.5% decline of the benchmark S&P 500 index.The raiser was RBC Capital's Ken Herbert, who decided to enhance his fair value assessment on Kratos by 38%. His new level for the drone maker is $90 per share, well up from his preceding price tag of $65. With the change, he understandably maintained his outperform (read: buy) recommendation on the stock. Image source: Getty Images.Continue reading