V2X price target raised to $61 from $58 at Morgan Stanley

Group 1 - Morgan Stanley raised the price target on V2X (VVX) to $61 from $58 while maintaining an Underweight rating on the shares [1] - The firm observes encouraging signs of backlog growth heading into the new year [1] - Significant drivers of performance will include contract ramp-up and roll-offs, as well as alignment to market subverticals [1]