Why Kratos Defense Stock Just Popped
Kratos Defense Security (NASDAQ: KTOS) stock jumped 5% through 11:50 a.m. ET Friday after KeyBanc analyst Michael Leshock published a bullish note on defense stocks in the context of aerial "conflict with Iran" that might or might not turn into "boots on the ground."
"As the first week of the Iran conflict draws to a close," writes Leshock, we're seeing increased use of military drones in the conflict, at the same time as the need to replenish expended munitions creates a new wave of demand for these novel weapon systems.
Image source: Getty Images.
Source Fool.com
