Truist raised the firm’s price target on Mercury Systems (MRCY) to $71 from $60 and keeps a Buy rating on the shares after its Q4 earnings beat. The company’s results beat expectations by a wide margin on the pull-forward of $30M of revenue, and as anticipated, the revenue outlook for FY26 erred toward the conservative side, excluding any additional pull-forward, the analyst tells investors in a research note. Mercury bookings also jumped 70% q/q, the firm added.
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