V2X downgraded to Sector Perform from Outperform at RBC Capital

RBC Capital analyst Ken Herbert downgraded V2X (VVX) to Sector Perform from Outperform with a price target of $58, down from $70. With the incoming Trump presidency, the government services sector, and V2X specifically, “could be caught in the cross-hairs” of the Department of Government Efficiency, the analyst tells investors in a research note. The firm says the company’ exposure to international Department of Defense operations “adds incremental risk.” It believes flat 2025 margins and the stock ownership overhang will limit share upside.