Mercury Systems upgraded to Hold from Underperform at Jefferies
The Fly

Mercury Systems upgraded to Hold from Underperform at Jefferies

Jefferies analyst Sheila Kahyaoglu upgraded Mercury Systems (MRCY) to Hold from Underperform with a price target of $42, up from $30. The stock “finally put a floor under itself” with fiscal Q1 “ticking the boxes,” the analyst tells investors. The “soft” FY25 guide looks “beatable before a normalized FY26,” says the analyst, who still warns that free cash flow quality “remains extremely weak.”

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