VSE Corp. price target raised to $63 from $60 at RBC Capital

RBC Capital analyst Ken Herbert raised the firm’s price target on VSE Corp. to $63 from $60 and keeps an Outperform rating on the shares. The firm is adjusting its model following the company’s Desser Aerospace acquisition and the movement of the Federal & Defense segment to disc ops. Both transactions are positive for investors, and RBC continues to view VSE Corp as an attractive option for exposure to the commercial aftermarket, with upside optionality in its Fleet business, the analyst tells investors in a research note.