Mercury Systems price target raised to $109 from $102 at Truist
Truist raised the firm’s price target on Mercury Systems (MRCY) to $109 from $102 and keeps a Buy rating on the shares. The company beat consensus across the board, with free cash flows coming in materially ahead of the Street, the analyst tells investors in a research note. The management is focused on improving working capital through supply chain, accelerating customer deliveries, and demand planning, Truist added.
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