Mercury Systems shares are trading higher after the company announced a strategic agreement to enhance the automation of material planning and factory operations to accelerate the delivery of processing technologies for U.S. military programs.

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Truist Securities Maintains Buy on Mercury System, Raises Price Target to $120

Truist Securities analyst Alexandra Mandery maintains Mercury System (NASDAQ:MRCY) with a Buy and raises the price target from $109 to $120.

Shares of space-related companies are trading lower, possibly amid sympathy for peer SpaceX, which is experiencing a sell-off due to the expiration of its second lockup period.

RBC Capital Maintains Outperform on Mercury System, Raises Price Target to $120

RBC Capital analyst Ken Herbert maintains Mercury System (NASDAQ:MRCY) with a Outperform and raises the price target from $105 to $120.