B of A Securities Reinstates Underperform on Mercury Sys, Announces $30 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ronald Epstein has reinstated Mercury Systems (MRCY) with an Underperform rating and set a price target of $30.
November 29, 2023 | 12:29 pm
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Mercury Systems has been given an Underperform rating and a $30 price target by B of A Securities, which could negatively impact its stock price.
The reinstatement of an Underperform rating by a major analyst like B of A Securities suggests a bearish outlook on the stock, which could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
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