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

Karman Holdings Inc. (NYSE:KRMN) shares gapped down before the market opened on Tuesday . The stock had previously closed at $33.42, but opened at $32.35. Karman shares last traded at $32.72, with a volume of 406,398 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KRMN. 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 initiated coverage on shares of Karman in a research note on Monday, March 10th. They issued an “outperform” rating for the company. Baird R W upgraded shares of Karman to a “strong-buy” rating in a research note on Monday, March 10th. Evercore ISI assumed coverage on Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $38.00 target price for the company. Finally, Royal Bank of Canada assumed coverage on Karman in a research report on Monday, March 10th. They set an “outperform” rating and a $35.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Karman presently has an average rating of “Buy” and an average target price of $38.75.

Karman Trading Up 0.4 %

Karman Company Profile

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.