V2X price target raised to $75 from $70 at RBC Capital

RBC Capital raised the firm’s price target on V2X (VVX) to $75 from $70 and keeps a Sector Perform rating on the shares. The company reported strong Q1 revenue growth that was ahead of consensus estimates, the analyst tells investors in a research note. The beat and raise in the quarter is positive for sentiment on the stock and the firm sees a path to stronger margin performance as the company bridges the new program starts, RBC added.