11:30 AM EDT, 07/24/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target to $135 from $110, based on a 2026 P/E of 14.0x, a steep discount to historic averages. We raise our adjusted EPS views to $9.20 from $8.00 for 2025 and to $9.65 from $8.80 for 2026. Given the stock's recent multiple expansion, we are lowering our rating one notch to Buy on valuation and a lack of catalysts. VC's Q2 earnings release might have been too good, leaving investors wondering what other positive news could lie ahead. VC posted Q2 adjusted EPS of $2.39 vs. $2.54 (-6%), well ahead of the $2.15 consensus. The beat was due to stronger-than-expected margins, as net revenue fell 4% to $969M ($5M below consensus) and gross margin expanded 10 bps to 14.6% (100 bps ahead of consensus). VC also reinstated 2025 guidance, with its sales and adjusted EBITDA expected to come in above prior guidance levels and consensus estimates. VC also initiated a quarterly dividend of $1.10/share annualized and said it intends to restart share repurchase activity in an opportunistic manner.