Jefferies analyst Sheila Kahyaoglu made no change to the firm’s Hold rating or $50 price target on Mercury Systems (MRCY) shares after the company’s board initiated a strategic review to enhance shareholder value. The U.S. Defense Primes are largely out as potential acquirers, given regulatory issues and general interest, though possible strategics could include BAE (BAESY), Curtiss-Wright (CW), among others, given complementary portfolios and less regulatory scrutiny, the analyst tells investors in a research note. Cobham, the only competing mid-tier radar electronics provider, is publicly interested, the firm notes.
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
See Insiders’ Hot Stocks on TipRanks >>
Read More on MRCY:
- Mercury Systems announces CFO Ruppert leaving, names McCarthy interim CFO
- Mercury Systems reports Q2 adjusted EPS 26c, consensus 33c
- Mercury Systems Announces CFO Transition
- Mercury Systems Reports Second Quarter Fiscal 2023 Results; Initiates Review of Strategic Alternatives
- Mercury Makes Intel’s Newest Data Center-class Xeon Processors Available for Aerospace & Defense Missions with Its Next-Generation Rugged Rack Servers