VSE Corp. price target raised to $100 from $90 at RBC Capital

RBC Capital raised the firm’s price target on VSE Corp. to $100 from $90 and keeps an Outperform rating on the shares as part of a broader research note previewing Q2 results for the Aerospace & Defense sector. The focus for the aerospace cycle is on the health of the supply chain, the potential risk from de-stocking, current and planned production and delivery rates for both engines and airframes, the analyst tells investors in a research note, noting that the firm continues to view the aerospace demand environment as strong but also sees a more favorable outlook in the aftermarket. The outlook for defense remains mixed, with continued top-line strength but uncertainty on the margin outlook, RBC added.