V2X price target lowered to $55 from $62 at RBC Capital

RBC Capital lowered the firm’s price target on V2X to $55 from $62 and keeps an Outperform rating on the shares. The company’s Q3 revenue topped consensus but its EBITDA missed as the contract mix and performance on integrated electronic security programs weighed on margins in the quarter, the analyst tells investors in a research note. RBC added that the commentary around next year’s outlook was also cautious, as management highlighted contract award timing and mix that could impact the top-line growth and margins.