Raymond James Maintains Outperform on Mercury Sys, Lowers Price Target to $40
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Brian Gesuale maintains an Outperform rating on Mercury Systems (NASDAQ:MRCY) but lowers the price target from $55 to $40.

June 26, 2023 | 11:08 am
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Raymond James maintains an Outperform rating on Mercury Systems (NASDAQ:MRCY) but lowers the price target from $55 to $40.
The news of Raymond James maintaining an Outperform rating on Mercury Systems is positive for the company. However, the lowering of the price target from $55 to $40 may create uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100