VSE Corp. price target raised to $120 from $100 at RBC Capital

RBC Capital raised the firm’s price target on VSE Corp. (VSEC) to $120 from $100 and keeps an Outperform rating on the shares. The firm is citing the company’s preliminary Q3 revenue outlook of $268M-$275M offered as part of its announcement that it is acquiring Kellstrom Aerospace for $200M last week, noting that VSE is seeing stronger growth in its Aviation business, the analyst tells investors in a research note. The Kellstrom acquisition also fits very well with VSE Corp. and its engine distribution capabilities, RBC added.