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Fly News Breaks for January 24, 2018
MRCY
Jan 24, 2018 | 04:57 EDT
Citi analyst Jonathan Raviv recommends using the post-earnings weakness today in shares of Mercury Systems as a buying opportunity. The underlying story hasn't changed and "all aspects" are set to improve in the second half of the company's fiscal year, Raviv tells investors in a research note. He believes Mercury's premium multiple is supported by above average sales growth and margin. The analyst keeps a Buy rating on the shares with a $61 price target.
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