Citigroup Initiates Coverage on Karman (NYSE:KRMN)

Investment analysts at Citigroup started coverage on shares of Karman (NYSE:KRMN - Get Free Report) in a note issued to investors on Monday, Marketbeat.com reports. The firm set a "buy" rating and a $42.00 price target on the stock. Citigroup's price target indicates a potential upside of 40.05% from the stock's previous close.

A number of other equities research analysts have also recently commented on KRMN. Evercore ISI began coverage on Karman in a research note on Monday. They issued an "outperform" rating and a $38.00 price target for the company. William Blair began coverage on shares of Karman in a research report on Monday. They issued an "outperform" rating for the company. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $38.75.

Karman Stock Up 1.1 %

Shares of KRMN stock traded up $0.32 during trading hours on Monday, reaching $29.99. 141,249 shares of the company's stock were exchanged, compared to its average volume of 872,817. Karman has a fifty-two week low of $27.13 and a fifty-two week high of $34.20.

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.