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Fly News Breaks for October 4, 2018
MRCY
Oct 4, 2018 | 07:15 EDT
Canaccord analyst Ken Herbert initiated Mercury Systems with a Buy rating as he believes the company is well positioned to continue its top-line, margin, and free-cash-flow improvement into 2019 and beyond. The company is also well positioned to benefit from increased focus on agility and affordability as one of the leading providers of electronics to the Department of Defense, he said. Herbert has a $64 price target on Mercury Systems shares.
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