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Fly News Breaks for March 24, 2016
MSCC, MRCY
Mar 24, 2016 | 08:19 EDT
After Mercury Systems (MRCY) agreed to buy Microsemi's (MSCC) embedded security, RF, and Microwave units, KeyBanc thinks that the deal will be "significantly accretive" to Mercury's EPS and boost its margins. The firm estimates that the deal will boost Mercury's EPS by 25c-30c in fiscal 2017, while enabling it to expand to attractive end markets. KeyBanc raised its price target on Mercury to $23 from $21 and keeps an Overweight rating on the shares.
News For MRCY;MSCC From the Last 2 Days
