Why Kratos Defense Stock Popped More Than 7% on Friday

Its products are in high demand as conflicts flare around the world -- but does its stock cost too much?Kratos Defense & Security Solutions (KTOS 7.99%) got a big lift Friday when investment bank Raymond James upgraded its stock from outperform to strong buy and raised its price target to $27 a share.As of 1:22 p.m. ET, shares of the tiny defense contractor were up by about 7.5%.What Raymond James is saying about KratosThe reason for the upgrade was obvious: "Drones & Air Defense ... demand has accelerated ...