Mercury Systems hits 3-year high on strong Q4 results, analysts upgrades

** Aerospace and defense firm Mercury Systems' shares MRCY rise 11.6% to $59.41 - their highest since August 2022

** MRCY beat Wall Street estimates on both Q4 revenue and adjusted profit, as per LSEG data

** Co also reports record Q4 bookings and backlog growth of 6% y-o-y

** At least three brokerages raise PT on the stock, with Raymond James upgrading it to "strong buy" from "outperform"

** "We expect Mercury's strong Q4 results to be well-received by the market and while guidance calls for only moderate improvement in FY26, we see more upside potential than downside," says J.P. Morgan

** Including session's moves, stock had risen 41%, outperforming the Nasdaq Composite's IXIC 11.3% increase