Jefferies Starts Mercury Computer (MRCY) at Buy, Price Target $23

Article Stock Quotes (1) Comments (0)

Jefferies initiates coverage on shares of Mercury Computer (NASDAQ: MRCY) with a Buy rating and $23 price target. The firm reports that the company has been doing a great job on winning sales bids gaining about 4-6% in market growth and near-term revenue growth of 10%. The company has the ability to adapt and grow as fast as as technology is build, this being the main reason why Jefferies believes that they will continue to have success. Their FY11 and FY12 EPS estimates are set at $0.77 and $0.80.

For more ratings news on Mercury Computer click here and for the rating history of Mercury Computer click here.

Shares of Mercury Computer closed at $18.89 yesterday, with a 52 week range of $9.09-$20.75.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Keryx Biopharma (KERX) Patents Strong; JPMorgan Starts at Overweight
• Jefferies Boosts PT on Micron (MU) Post Q3; Sees 50% Upside
• Guggenheim Starts First BanCorp (FBP) at Buy

Create E-mail Alert Related Categories

New Coverage

Related Entities

Jefferies & Co

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?