Goldman Sachs Maintains Sell on Mercury Sys, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Noah Poponak has maintained a Sell rating on Mercury Systems (NASDAQ:MRCY) and reduced the price target from $37 to $24.
January 11, 2024 | 1:27 pm
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Goldman Sachs maintains a Sell rating on Mercury Systems and lowers the price target from $37 to $24, indicating a bearish outlook on the stock.
The reduction in price target by a significant margin from $37 to $24 by a major financial institution like Goldman Sachs suggests a strong bearish sentiment towards Mercury Systems. This could lead to a negative short-term impact on the stock as investors may adjust their positions based on this new analyst rating and price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100