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Fly News Breaks for May 6, 2015
MRCY
May 6, 2015 | 08:32 EDT
After meeting with Mercury's management, Sterne Agee CRT continues to be confident in the company's strategy of providing end-to-end subsystem capabilities to its customers,. The firm thinks the company's profits are rising, and it expects the company's EBITDA to grow by double digit percentage levels in fiscal 2016 and beyond. Sterne Agee CRT thinks the stock remains undervalued, and it keeps a $20 price target and Buy rating on the shares.
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