Truist raised the firm’s price target on Mercury Systems to $31 from $26 and keeps a Hold rating on the shares. The company’s Q4 results topped consensus estimates, while the free cash flow generation of $61.4M marked a n all-time quarterly high, the analyst tells investors in a research note. The year will be second-half weighted, but importantly, the management reaffirmed its long-term operating model, the firm added.
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