VSE Corp. price target raised to $140 from $130 at Truist

Truist analyst Michael Ciarmoli raised the firm’s price target on VSE Corp. (VSEC) to $140 from $130 and keeps a Buy rating on the shares. The company’s Q1 results beat on revenue, EPS, and adjusted EBITDA but fell short on cash, with the cash burn that was largely attributed to investments for growth in the recent string of acquisitions, the analyst tells investors in a research note. Tariffs appear to be a non-issue, demand remains robust, and integration of recent acquisitions remain on track for VSE, the firm added.