Mercury Systems (NASDAQ:MRCY) Stock Keeps "Overweight" Rating at Piper Sandler

JPMorgan upgrades this aerospace stock after earnings beat

The bank upgraded the aerospace and defense company to overweight from neutral.

Mercury Systems (NASDAQ:MRCY) Stock Keeps "Overweight" Rating at Piper Sandler

Piper Sandler reiterated an "overweight" rating and set a $107.00 price target on shares of Mercury Systems in a research report on Wednesday.

Mercury Systems (MRCY) Stock Climbs After Record Backlog and J.P. Morgan Upgrade

TLDR Mercury Systems (MRCY) rose 3.4% to $86.38 in premarket trading Wednesday after closing up 4.9% the day before. First-quarter revenue hit $253 million and adjusted EPS was 52 cents, both above estimates. Backlog reached a record $2.1 billion on $370 million in new bookings. J.P. Morgan upgraded the stock to Overweight with a $102 [...]

This Defense Tech Stock Rises on Record $2.1 Billion Backlog. Why J.P. Morgan Sees More Upside

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