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Fly News Breaks for October 18, 2018
MRCY
Oct 18, 2018 | 07:54 EDT
Canaccord analyst Ken Herbert said the weakness in Mercury Systems shares due to a short report is a buying opportunity. The analyst said the short report pre-supposes incremental costs for the company to address increased cyber security risk as well as costs associated with product recalls. He believes the allegations are off base and that the current security systems in place at Mercury are some of the most robust in the industry. Herbert reiterated his Buy rating and $64 price target on Mercury Systems shares.
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