RBC Capital Maintains Sector Perform on Mercury Sys, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Ken Herbert has maintained a Sector Perform rating on Mercury Systems (NASDAQ:MRCY) and lowered the price target from $35 to $30.
February 07, 2024 | 5:29 pm
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RBC Capital has maintained its Sector Perform rating on Mercury Systems but reduced the price target from $35 to $30.
The reduction in price target by RBC Capital suggests a bearish outlook on Mercury Systems' stock in the short term. This adjustment reflects the analyst's view on the company's future performance, potentially influencing investor sentiment and stock price.
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