Karman (NYSE:KRMN) Price Target Raised to $38.00

Karman (NYSE:KRMN) had its target price hoisted by Royal Bank of Canada from $35.00 to $38.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Citigroup assumed coverage on shares of Karman in a report on Monday, March 10th. They issued a “buy” rating and a $42.00 price objective for the company. William Blair started coverage on shares of Karman in a research report on Monday, March 10th. They set an “outperform” rating for the company. Robert W. Baird initiated coverage on Karman in a research note on Monday, March 10th. They set an “outperform” rating and a $40.00 price objective on the stock. Evercore ISI initiated coverage on Karman in a research note on Monday, March 10th. They issued an “outperform” rating and a $38.00 target price for the company. Finally, Baird R W upgraded Karman to a “strong-buy” rating in a research report on Monday, March 10th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $39.50.

Karman Stock Down 15.1 %

NYSE:KRMN opened at $27.89 on Thursday. Karman has a 1-year low of $27.13 and a 1-year high of $38.58.

About Karman

We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives.