Truist Securities Maintains Buy on Mercury Sys, Lowers Price Target to $48
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Michael Ciarmoli maintains a Buy rating on Mercury Systems (NASDAQ:MRCY) but lowers the price target from $58 to $48.
June 26, 2023 | 3:49 pm
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Truist Securities maintains a Buy rating on Mercury Systems (NASDAQ:MRCY) but lowers the price target from $58 to $48.
The news indicates that Truist Securities still has a positive outlook on Mercury Systems, maintaining a Buy rating. However, the lowered price target from $58 to $48 may cause some uncertainty among investors, leading to a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100