Karman (NYSE:KRMN) Shares Gap Down – Here’s Why

Karman Holdings Inc. (NYSE:KRMN)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $28.42, but opened at $27.73. Karman shares last traded at $29.47, with a volume of 112,208 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KRMN. William Blair assumed coverage on shares of Karman in a research report on Monday. They issued an “outperform” rating on the stock. Robert W. Baird assumed coverage on Karman in a research report on Monday. They set an “outperform” rating and a $40.00 price objective on the stock. Citigroup initiated coverage on Karman in a report on Monday. They set a “buy” rating and a $42.00 price target on the stock. Evercore ISI initiated coverage on shares of Karman in a research report on Monday. They issued an “outperform” rating and a $38.00 price target for the company. Finally, Baird R W upgraded shares of Karman to a “strong-buy” rating in a report on Monday. Five 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 stock has a consensus rating of “Buy” and a consensus price target of $38.75.

Karman Trading Up 2.0 %

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.