V2X price target raised to $72 from $60 at Raymond James

Raymond James raised the firm’s price target on V2X (VVX) to $72 from $60 and keeps a Strong Buy rating on the shares. V2X’s Q3 results were impressive, and the pace of contract wins remained brisk with a backlog of $12.2B, with $5B of new awards phasing in as entering 2025, and abating headwinds, the analyst tells investors in a research note. This clears the sights as the company executes against a robust opportunity pipeline several large IDIQs and a host of secular regional tailwinds, the firm says.