UPDATE: B.Riley Starts VSE Corporation (VSEC) at Buy

May 5, 2021 4:44 AM EDT
Get Alerts VSEC Hot Sheet
Price: $50.01 -1.96%

Rating Summary:
    5 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 3 | Down: 6 | New: 7
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(Updated - May 5, 2021 4:59 AM EDT)

B.Riley analyst Richard Magnusen initiates coverage on VSE Corporation (NASDAQ: VSEC) with a Buy rating and a price target of $61.00.

The analyst comments "We believe that the company’s three segments—aviation, fleet, and federal & defense—have growth potential, as VSEC primarily provides repair services, parts distribution, logistics, and supply chain management support services for transportation assets in government and commercial markets. VSEC is flying under the radar as a pure MRO aviation, fleet, and defense parts distribution and repair play—and we believe that is about to change. Led by a new management team that we believe is hitting its stride, the company is undergoing a transformation with higher-quality organic and acquisitive growth, as well as a more defined management structure for each business line, that we expect to result in an improving P&L profile and ultimately a higher multiple."

For an analyst ratings summary and ratings history on VSE Corporation click here. For more ratings news on VSE Corporation click here.

Shares of VSE Corporation closed at $43.67 yesterday.


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