Mercury Systems Reports Third Quarter Fiscal 2024 Results

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Mercury Systems (MRCY) PT Raised to $24 at Jefferies

May 9, 2024 12:49 PM EDT

Jefferies analyst Sheila Kahyaoglu raised the price target on Mercury Systems (NASDAQ: MRCY) to $24.00 (from $20.00) while maintaining a Underperform rating.

The analyst comments "FQ3 (March Q) again disappointed w/ adj EBITDA of -$2MM and FCF of -$26MM, although mgmt... More