Jefferies Downgrades Mercury Sys to Underperform, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Sheila Kahyaoglu has downgraded Mercury Systems (MRCY) from Hold to Underperform and reduced the price target from $35 to $30.

January 03, 2024 | 2:32 pm
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Mercury Systems downgraded by Jefferies from Hold to Underperform with a price target reduction from $35 to $30.
Analyst downgrades typically lead to negative sentiment among investors and can result in a short-term decline in the stock price. The reduction in the price target further emphasizes the analyst's bearish outlook on the stock, which may influence investors to reassess the company's valuation and future prospects.
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