RBC Capital Maintains Sector Perform on Mercury Sys, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Ken Herbert has maintained a 'Sector Perform' rating on Mercury Systems (NASDAQ:MRCY), but lowered the price target from $40 to $35.
August 16, 2023 | 1:07 pm
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Mercury Systems' price target has been lowered from $40 to $35 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 other companies in the sector. This could lead to a short-term negative impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100