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Fly News Breaks for August 16, 2019
MRCY
Aug 16, 2019 | 06:29 EDT
Goldman Sachs analyst Noah Poponak started Mercury Systems with a Neutral rating and $75 price target. The company could see 30% EBITDA growth per year over the next five years, but the stock is priced for that, Poponak tells investors in a research note. The analyst says Mercury's current valuation levels are well above the historical average, and well above other stocks he likes in Defense.
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