VSE Corp. initiated with a Buy at Jefferies

Jefferies initiated coverage of VSE Corp. with a Buy rating and $100 price target. The firm sees a 13% organic compound annual growth rate at Aviation driven by commercial aftermarket momentum and new wins vs. the 6% peer average, differentiated distribution assets and performance that supports 18% Aviation margins in 2026E and a 21% overall EBITDA CAGR through 2026E, and an attractive valuation, the analyst tells investors in a research note.