Capital Com MENA Securities Trading LLC is regulated by the Capital Market Authority.
Open platformOpen platform

Mercury Systems rises after J.P.Morgan lifts rating to 'overweight'

By Reuters News

** Aerospace and defense firm Mercury Systems MRCY.O shares up about 4% at $86.68 premarket

** J.P.Morgan upgrades rating to "overweight" from "neutral"; however, cuts price target to $102 from $110

** New PT still shows an upside of 22% from the stock's last close

** Brokerage expects co to sustain strong profitability and expand margins as higher-margin programs mature

** Adds backlog strength supporting sustained double-digit revenue growth, driven by demand for missile, radar and electronic warfare programs

** J.P.Morgan expects co's 2027 adjusted EPS at $2.05/share from prior forecast of $1.65/share

** 11 of 13 brokerages rate the stock "buy" or higher, 1 "hold" and 1 "sell"; their median PT is $115 - data compiled by LSEG

** As of last close, stock had risen 14.5% YTD

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.