Kratos Defense & Security Solutions is trading 4.2% up at $61.25 in pre-market after a significant analyst upgrade.
- JPMorgan upgraded KTOS to Overweight from Neutral on Friday morning, citing a compelling growth outlook and expanding margin rates.
- The firm set a new price target of $82.00 for the stock.
- The upgrade comes despite recent volatility and provides a clear positive catalyst for the stock's rebound.