Berenberg Is Bullish On Curtiss-Wright, Mercury Systems, Kratos

Berenberg analyst Christopher Rieger initiated coverage of four U.S. aerospace and defense company stocks.
The analyst initiated Curtiss-Wright Corp CW with a Buy rating and a price target of $170.
Rieger notes the company has created best-in-class exposures to niche and highly defensible applications with its "attentive and active" approach to its product portfolio, which he believes is underappreciated.
The analyst initiated Mercury Systems Inc MRCY with a Buy rating and a price target of $76.
Rieger believes Mercury offers investors an opportunity to own a high-quality defense electronics player poised to benefit from secular tailwinds and company-specific developments.
The analyst initiated Kratos Defense & Security Solutions Inc KTOS with a Buy rating and a price target of $23.
Rieger believes Kratos is well-positioned for the rapid growth potential and an expected ramp in spending in space applications.
The analyst initiated coverage on AeroVironment, Inc. AVAV with a Hold rating and a price target of $66.
Price Action: CW shares are trading higher by 0.41% at $136.84, MRCY by 0.09% at $57.84, KTOS lower by 0.76% at $16.97, and AVAV by 1.02% at $57.44 on the last check Friday.