The Latest Breaking News from Ken Herbert

RBC Capital analyst Ken Herbert downgraded VSE Corp (NASDAQ:VSEC) to Sector Perform from Outperform on lack of near-term catalysts and strategic uncertainty. The analyst also lowered the price target for VSEC to $48 (an upside of 27%) from $65. Herbert believes that the aviation business will drive sentiment, and he likes the company's opportunities in…

AeroVironment, Inc. (NASDAQ:AVAV) has been upgraded to Outperform from Sector Perform, and the price target was raised to $100 (an upside of 17%) from $95 by RBC Capital analyst Ken Herbert. The stock is up 44 % since the commencement of the Ukrainian war (compared to the small-cap defence sector's average growth of 15.3%);…

Raytheon Technologies Corp (NYSE:RTX) coverage was initiated with an Outperform and a price target of $125 (an upside of 24.5%) by RBC Capital analyst Ken Herbert. The analyst believes that at 65% Defense and 35% Aero, RTX is setting a new standard for end-market exposure that will benefit from stronger defense fundamentals and the commercial…

AAR Corp's (NYSE:AIR) price target has been raised to $56 (an upside of 12%) from $50 by RBC Capital analyst Ken Herbert while maintaining his Outperform rating on the shares.  The analyst notes AAR's Q3 results showed steady improvement, with aviation sales up just under 3% Q/Q. Herbert specifies that AAR faced some softness early…