12:15 PM EST, 11/05/2024 (MT Newswires) -- V2X's (VVX) growth prospects have brightened, supporting a more positive outlook for the stock along with deleveraging initiatives, RBC Capital Markets said in a note sent Tuesday.

Confidence is growing in the company's ability to meet its 2024 outlook and investors are shifting focus

towards the initial 2025 guide, the investment firm said, following V2X's solid fiscal Q3 beat and full-year guidance raise.

"The revised guidance implies 7.7% Q4 margins, but the outlook for upside into 2025 has improved. We

believe the focus on backlog quality and tech insertions are positive," it said.

RBC reiterated its outperform rating and $70 price target for V2X.

V2X shares were down nearly 3% in recent trading.

Price: 61.49, Change: -0.42, Percent Change: -0.69