V2X initiated with a Neutral at BofA

BofA analyst Mariana Perez Mora initiated coverage of V2X (VVX) with a Neutral rating and $50 price target V2X is a provider of critical mission solutions for defense customers and a beneficiary of increasingly complex full life-cycle military support, the analyst tells investors. Recent awards provide exposure to higher-growth, higher-margin end-markets, but “tepid growth” and pricing pressure on the company’s core logistics and maintenance markets “cap sustainable growth,” the analyst added.