RBC Capital Maintains Sector Perform on Mercury Sys, Lowers Price Target to $40
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Ken Herbert has maintained a 'Sector Perform' rating on Mercury Systems (NASDAQ:MRCY), but lowered the price target from $45 to $40.
July 03, 2023 | 1:36 pm
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NEGATIVE IMPACT
Mercury Systems' price target has been lowered from $45 to $40 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the stock's value. However, the maintenance of the 'Sector Perform' rating suggests that the company is expected to perform on par with the sector, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100