JP Morgan Downgrades Mercury Sys to Neutral, Lowers Price Target to $37
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Seth Seifman downgrades Mercury Sys (NASDAQ:MRCY) from Overweight to Neutral and lowers the price target from $56 to $37.
June 26, 2023 | 10:33 am
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JP Morgan downgrades Mercury Sys (MRCY) to Neutral and lowers the price target from $56 to $37.
The downgrade from Overweight to Neutral and the lowering of the price target from $56 to $37 by JP Morgan analyst Seth Seifman indicates a less optimistic outlook for Mercury Sys. This could lead to a negative short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100