V2X price target raised to $90 from $80 at BTIG

BTIG raised the firm’s price target on V2X (VVX) to $90 from $80 and keeps a Buy rating on the shares. The company continues its aggressive but selective bidding strategy that it has deployed since the arrival of CGO Roger Mason, and as a result, the management is confident in its ability to achieve a 1.0x book-to-bill, but could very well see 1.4x-1.5x depending on award timing, the analyst tells investors in a research note.