Jefferies analyst Sheila Kahyaoglu raised the firm’s price target on Mercury Systems to $55 from $50 and keeps a Hold rating on the shares, arguing that the company’s strategic review "will drive the conversation around MRCY for the foreseeable future." If valued on free cash flow, the stock "remains expensive," said Jefferies, which sees a potential takeout range of $52 to $70 per share for Mercury.
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Published first on TheFly
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Read More on MRCY:
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