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Fly News Breaks for March 20, 2017
MRCY
Mar 20, 2017 | 06:37 EDT
Citi analyst Jason Gursky raised his price target for Mercury Systems to $48 from $45 after spending time with management. The stock is up 135% over the last year, but there is more room to go, Gursky tells investors in a research note. Mercury's business model is well positioned in the "evolving defense paradigm" which prioritizes affordable and innovative solutions, the analyst contends. He continues to see a path to $60 per share "over time" and keeps a Buy rating on Mercury Systems.
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