RedHotStocks

$MRCY Mercury Systems is a safe buy in our view.

Long
NASDAQ:MRCY   Mercury Systems Inc
Despite the fact that the price has reached they average analysts price target we remain confident in the companies continued growth. The company currently holds 4 strong buys and 4 buy ratings from 9 analysts covering the name, thus we expect upside revisions to their price targets very soon, possible coming into earnings or post earnings release. We think any pullback will be short lived and expect a break well above the $68 level, with stop loss set at $63.


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