BUZZ - JPMorgan upgrades Mercury Systems to "Overweight," causing the company's stock price to rise

November 11 - ** Aerospace and defense company Mercury Systems (MRCY.O) shares rose about 4% pre-market to $86.68

** JPMorgan upgraded its rating from "Neutral" to "Overweight"; however, it lowered the price target from $110 to $102

** The new price target still offers a 22% upside from the previous trading day's closing price

** The brokerage expects the company to maintain strong profitability and improve margins as high-margin projects mature

** It noted that a strong order backlog will support sustained double-digit revenue growth, mainly driven by demand for missile, radar, and electronic warfare projects

** JPMorgan expects the company's adjusted earnings per share to reach $2.05 in 2027, up from its earlier forecast of $1.65

** Out of 13 brokerages, 11 rate the stock as "Buy" or higher, one as "Hold", and one as "Sell"; the median price target is $115—data compiled by LSEG

** As of the previous trading day's close, the stock had gained 14.5% year to date

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