VSE Corp. price target raised to $110 from $100 at Jefferies

Jefferies analyst Sheila Kahyaoglu raised the firm’s price target on VSE Corp. to $110 from $100 and keeps a Buy rating on the shares. VSE Corp. announced that it has agreed to acquire Kellstrom Aerospace for $200M, which could be 6% accretive to adjusted EPS next year net of share dilution and 10 basis points accretive to total company adjusted EBITDA margin, the analyst tells investors in a research note. VSE also preannounced Q3 earnings that were above consensus estimates, the firm says.