SunTrust analyst Michael Ciarmoli raised his price target on Mercury Systems to $63 and kept his Buy rating after its Q2 results, saying the company's organic revenue growth of 10.5% contributed to a top and bottom line beat. The analyst cites the company's recent design wins and strong pipeline enabling the management to raise its FY19 sales, EBITDA, and earnings outlook. Ciarmoli cautions that the company's higher R&D spending and capital expenditures may drag on its margins and free cash flows, but expects shares to trade higher given the revenue and bookings strength.