Kraken Robotics Initiated at Outperform at RBC

MT Newswires Live

Sep 15

RBC Capital Markets initiated coverage of Kraken Robotics Inc. (PNG.V) with an outperform rating and CA$6 price target.

The Canadian marine technology company's acquisition of Covelya Group "transforms Kraken into a full-subsystem undersea technology provider, marking a step-change in scale and customer stickiness," analyst James McGarragle said.

"Combined with structural defence and commercial tailwinds driving strong growth, we see a compelling path to operating leverage and EBITDA margin expansion through FY28," McGarragle said in a note to clients.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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(PNG.V) with an outperform rating and CA$6 price target.</p><p>The Canadian marine technology company's acquisition of Covelya Group \"transforms Kraken into a full-subsystem undersea technology provider, marking a step-change in scale and customer stickiness,\" analyst James McGarragle said.</p><p>\"Combined with structural defence and commercial tailwinds driving strong growth, we see a compelling path to operating leverage and EBITDA margin expansion through FY28,\" McGarragle said in a note to clients.</p><p>(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ROBO","symbol_name":"全球机器人自动化ETF-ROBO","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2667644908","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2667644908","pubTimestamp":1789473385,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"RBC Capital Markets initiated coverage of Kraken Robotics Inc. 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