Information Provided By:
Fly News Breaks for August 9, 2019
MRCY
Aug 9, 2019 | 08:50 EDT
BofA Merrill Lynch analyst Ronald Epstein upgraded Mercury Systems to Neutral from Underperform, stating that the company has generated solid cash and demonstrated stable execution over the past few quarters while also raising enough capital that it is in a net cash position as of the end of FY19. He thinks demand for defense electronics likely will rise as the Department of Defense continues to focus on China, but also sees Mercury shares as fairly valued at their current price. Epstein raised his price target on Mercury shares to $85 from $50.
News For MRCY From the Last 2 Days
There are no results for your query MRCY