Raymond James lowered the firm’s price target on V2X (VVX) to $60 from $65 and keeps an Outperform rating on the shares. V2X’s Q4 results were “solid,” and its softer guidance aren’t changing the key metrics of the firm’s model, the analyst tells investors in a research note. The biggest challenges in 2025 will likely be organic growth with headwinds from A/C retirements, and potentially slower ramping of contracts, though margins should come in comfortably above their guide and inline with the firm’s model.