RBC Lowers Karman Price Target to $85

Royal Bank of Canada has reduced its price target for Karman (NYSE:KRMN) from $100.00 to $85.00, according to a recent research note. This suggests a potential upside of 71.51% from the company's current price.

The firm currently has an 'outperform' rating on the stock. Several other brokerages have also commented on KRMN, with some lowering their price objectives or reissuing buy ratings.

Karman had reported its quarterly earnings data on May 12th, beating analysts' consensus estimates of $0.08 per share by $0.03. The company's revenue for the quarter was up 51.0% year-over-year.