KTOS

An analyst at KeyBanc initiated coverage on Kratos with an overweight rating and a price target of $90, which contributed to the stock's positive momentum. This endorsement by a reputable analyst can boost investor confidence and drive stock prices higher.

Kratos's stock was also trading up due to reports of a major new defense contract, which highlighted the company's strong position in the defense sector. Such contracts can lead to increased revenue and profitability, which investors often respond to favorably.

Kratos' plans to open a new facility in Vancouver signal a commitment to growth and operational efficiency, which can positively influence investor sentiment. This expansion is part of a broader strategy to outpace industry demands and maintain a competitive edge.