Canaccord resumed coverage of Mercury Systems (MRCY) with a Buy rating and $88 price target Mercury Systems has positioned itself as a leading trusted component supplier to U.S. and European defense primes, as well as commercial aerospace OEMs, the analyst tells investors in a research note. Mercury is positioned to be a winner irrespective of which primes are selected for different layers of golden dome as a critical component, module and subsystem supplier to most major U.S. and NATO weapons systems, the firm says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRCY:
- Mercury Systems initiated with a Buy at Canaccord
- Mercury Systems upgraded to Outperform from Sector Perform at RBC Capital
- Mercury Systems receives $12.3M development contract
- Mercury Systems Reports Strong Earnings Amid Challenges
- Mercury Systems signs new hardware production agreement with AeroVironment