Mercury Systems price target raised to $109 from $102 at Truist

Core Viewpoint - Truist has raised the price target for Mercury Systems (MRCY) to $109 from $102 while maintaining a Buy rating on the shares, indicating positive sentiment towards the company's performance and future prospects [1]. Financial Performance - Mercury Systems exceeded consensus expectations across all metrics, with free cash flows significantly surpassing market estimates, highlighting strong financial health [1]. Management Focus - The management is concentrating on enhancing working capital through improvements in supply chain efficiency, accelerating customer deliveries, and effective demand planning, which are expected to contribute to the company's growth [1].