Mercury Systems resumed with a Buy at Canaccord

Canaccord resumed coverage of Mercury Systems (MRCY) with a Buy rating and $88 price target Mercury Systems has positioned itself as a leading trusted component supplier to U.S. and European defense primes, as well as commercial aerospace OEMs, the analyst tells investors in a research note. Mercury is positioned to be a winner irrespective of which primes are selected for different layers of golden dome as a critical component, module and subsystem supplier to most major U.S. and NATO weapons systems, the firm says.