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>> MERCURY Latest News

JAN 30, 2013 - Benzinga

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UPDATE: Jefferies Reiterates Hold Rating, Lowers PT on Mercury Systems

In a report published Wednesday, Jefferies reiterated its Hold rating on Mercury Systems (NASDAQ: MRCY), but lowered its price target from $7.70 to $7.00. Jefferies noted, “MRCY reported a loss of $0.16 for FQ2:13 EPS vs. our estimate of a loss of $0.22. Lower R&D expense was the majority of the difference vs. our forecast (Exhibit 1).

Tags: UPDATE: Jefferies Reiterates Hold Rating, Lowers PT on Mercury Systems,  Mercury Latest News