1222 ET - VSE is expected to enter a stronger phase as Chief Executive John Cuomo's drive to reposition the company as an aerospace aftermarket pure play is nearly complete, Benchmark analysts say in a research note. The last non-aerospace asset will likely be divested in the first half of 2025, and incoming Trump administration makes Fleet asset more valuable to suitors, the analysts say. "We believe VSEC is entering the category killer stage, upside optionality from Boeing divestitures could be a step function accelerant, and OEM's have structurally shifted their need for VSEC vs. cyclical aftermarket industry concerns," the analysts add. Benchmark raises its target price to $140 from $100 previously. Shares fall 1.6% to $107.13. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
December 17, 2024 12:22 ET (17:22 GMT)
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