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Fly News Breaks for March 30, 2017
MRCY
Mar 30, 2017 | 09:28 EDT
Baird analyst Peter Arment sees Mercury Systems as poised to expand its addressable market and gain share as the Pentagon steps up pressure on defense OEMs to reduce costs. Saying that even his "conservative assumptions" point to significant upside, he raised his price target on Mercury shares to $43 from $38 and keeps an Outperform rating on the stock.
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