VSE Corp. price target raised to $91 from $80 at B. Riley

B. Riley raised the firm’s price target on VSE Corp. to $91 from $80 and keeps a Buy rating on the shares. The firm raised its target multiple one turn to better reflect the probable divestiture of Fleet with a congruent boost to EBITDA margin. There is a reasonable probability VSE will divest the Fleet business, thereby boosting overall margins, while adding cash to its balance sheet, the analyst tells investors in a research note.