Truist Securities Downgrades Mercury Sys to Hold, Announces $28 Price Target
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Ciarmoli downgraded Mercury Systems (MRCY) from Buy to Hold and set a new price target of $28.

February 07, 2024 | 12:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Mercury Systems downgraded by Truist Securities from Buy to Hold with a $28 price target.
The downgrade from Buy to Hold by a significant analyst like Truist Securities could lead to a negative short-term sentiment among investors, potentially causing a decrease in MRCY's stock price. The setting of a price target provides a specific valuation expectation, which can influence investor perception and stock performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100