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Fly News Breaks for April 25, 2018
MRCY
Apr 25, 2018 | 09:14 EDT
BofA/Merrill analyst Ronald Epstein double downgraded Mercury Systems to Underperform from Buy and slashed its price target to $35 from $50. Epstein said Mercury's strategy to increase its secure processing capabilities is not without execution risks and long-term adjusted EBITDA margin target of 26% is predicated on achieving insourcing synergies, which increases operating risks.
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