Seaport Global analyst Josh Sullivan upgraded KEYW Holding to Buy from Neutral with a $10.50 price target. The stock closed yesterday up 17c to $8.29. The company, which enters 2019 with backlogs supporting 81% of fiscal 2019 revenue guidance, is “emerging as a space play” which defense budgets have given high priority, Sullivan tells investors in a research note. With an underlying backlog base, “significant optionality” in product space programs, scarcity value for small-cap defense, and no significant near-term debt maturities, KEYW offers an “interesting entry point,” contends the analyst.