Why Kratos Stock Bumped Higher Today

BTIG is now big on the company The person upping his recommendation on Kratos was BTIG's Andre Madrid, who has set a price target of $80 per share for the defense stock. According to reports, Madrid feels that several developments have swung in the defense company's favor recently. A major one he cited is the Marine Corps's MUX TACAIR unmanned aerial systems (UAS) program, for which the company was downselected. This portends quite well for Kratos's general UAS business. The analyst also waxed bullish about ...