Mercury Systems shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral and lowered the price target to $37.
Portfolio Pulse from Benzinga Newsdesk
Mercury Systems' stock was downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $37.
June 26, 2023 | 11:23 am
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NEGATIVE IMPACT
Mercury Systems' stock downgraded by JP Morgan to Neutral, price target lowered to $37.
The downgrade by JP Morgan, a major financial institution, is likely to negatively impact Mercury Systems' stock price in the short term. Investors may perceive the downgrade as a sign of reduced growth potential, leading to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100