VSE Corp. price target raised to $92 from $86 at Truist

Truist analyst Michael Ciarmoli raised the firm’s price target on VSE Corp. to $92 from $86 and keeps a Buy rating on the shares. The company’s top and bottom line beat were offset by an ERP implementation disruption at the USPS, driving a reduction to expected Fleet 2024 revenue and producing a 5% sell-off in the stock following Q1 earnings, the analyst tells investors in a research note. Truist adds however that investors must understand the Fleet segment is not VSE’s core business and that the asset will likely be sold following a strategic review, making the company a pure play in aero aftermarket.