V2X upgraded to Buy from Neutral at BofA

BofA upgraded V2X (VVX) to Buy from Neutral with a price target of $65, up from $55. The firm views V2X’s recent contract takeaway as “a sign of its’s ability to win in its core logistics and O&M work” and appreciates that V2X is also winning awards to “move up the food chain” and take part in higher-growth, higher-margin work, the analyst tells investors. This combination “will result in accelerating and sustainable growth in the years to come,” the analyst argues.