Stifel Reinstates Coverage On These Two Aerospace & Defense Companies

March 18, 2022 2:42 PM | 1 min read |

Stifel analyst Bert Subin resumed coverage on several companies in the U.S. Government Services space, citing rising geopolitical tensions, the public perception of threats, and his view that the battlespace is becoming increasingly digital.
The analyst resumed coverage of Vectrus Inc VEC with a Hold rating and a price target of $42, implying an upside of 13%.
Subin states the pending merger with Vertex heightens Vectrus' risk profile.
Related: Vectrus Agrees To Merge With Vertex
Bert Subin resumed coverage of Parsons Corp PSN with a Buy rating.
The analyst notes Parsons combines a steady services business with upside from rising demand for Critical Infrastructure.
Price Action: VEC shares are trading higher by 0.04% at $36.90, and PSN shares lower by 0.45% at $37.68 on the last check Friday.