Baird Downgrades Mercury Sys to Neutral, Lowers Price Target to $40
Portfolio Pulse from richadhand@benzinga.com
Baird analyst Peter Arment downgrades Mercury Sys (NASDAQ:MRCY) from Outperform to Neutral and lowers the price target from $48 to $40.
June 22, 2023 | 9:40 am
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NEGATIVE IMPACT
Mercury Sys downgraded to Neutral by Baird analyst Peter Arment, with a lowered price target of $40 from $48.
The downgrade from Outperform to Neutral and the lowering of the price target from $48 to $40 by Baird analyst Peter Arment indicates a less optimistic outlook for Mercury Sys. This could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100