VSE Corp. price target raised to $97 from $92 at Truist

Truist raised the firm’s price target on VSE Corp. to $97 from $92 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results in the Aerospace & Defense sector. The setup for commercial aero OEM will be challenged amid well-telegraphed supply chain and production issues, though the aero aftermarket group should see “another strong showing”, with upside to consensus expectations set to unfold, the analyst tells investors in a research note. For the company, Truist is increasing its estimates to reflect the continued strength in the aftermarket, adding that the focus should not be on the fleet unit given its intent on divesting the business.