Kratos Defense upgraded at Piper Sandler on buying opportunity (KTOS:NASDAQ)

Piper Sandler upgraded Kratos Defense & Security Solutions (KTOS) due to the company's significant share-price decline creating an attractive buying opportunity. The investment bank expressed growing confidence in Kratos' production pipeline, revenue outlook, and valuation. Key growth drivers include the MACH-TB hypersonic test vehicle, expanded engine production, potential tactical drone awards, and strong performance in Government Solutions.