Mercury Systems shares are trading lower after Jefferies downgraded the stock from Hold to Underperform and lowered its price target from $35 to $30.
Portfolio Pulse from Benzinga Newsdesk
Mercury Systems' stock (MRCY) trades lower following a downgrade by Jefferies from Hold to Underperform, with a reduced price target from $35 to $30.
January 03, 2024 | 5:43 pm
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Mercury Systems' stock price is likely to experience downward pressure in the short term due to the downgrade by Jefferies from Hold to Underperform and a lowered price target from $35 to $30.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a decrease in stock price. The reduction in price target further emphasizes a bearish outlook, which can result in short-term selling pressure.
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IMPORTANCE 85
RELEVANCE 100