What To Know About Canaccord Genuity's Downgrade of Kratos Defense & Security

Canaccord Genuity downgraded its rating of Kratos Defense & Security KTOS to Hold with a price target of $11.50, changing its price target from $20.00 to $11.50.

Shares of Kratos Defense & Security are trading down 4.17% over the last 24 hours, at $10.35 per share.

A move to $11.50 would account for a 11.11% increase from the current share price.

About Kratos Defense & Security

Kratos Defense & Security Solutions Inc develops and fields transformative, affordable technology, platforms, and systems. Its segment include The KGS segment is comprised of an aggregation of KGS operating segments, including its microwave electronic products, space, training and cybersecurity, C5ISR/modular systems, turbine technologies and defense and rocket support services operating segments. The US reportable segment consists of its unmanned aerial, unmanned ground and unmanned seaborne system products.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.