As previously reported, Morgan Stanley double downgraded Visteon (VC) to Underweight from Overweight as coverage of the stock was transferred to analyst Armintas Sinkevicius. The auto industry is going through an "unprecedented period of cyclical and secular change" and investors are currently skewed negative on U.S. autos and shared mobility stocks, the analyst said. He sees risk to the multiple for the "Auto 2.0" suppliers as adoption of autonomous vehicles may be pushed out. The analyst has a $110 price target on Visteon, citing his view that strategic action is unlikely in the near term. To support this view, he points to a "consistent pattern of insider selling" and low insider ownership. Among "Auto 2.0" stocks, Sinkevicius recommends Adient (ADNT) and Goodyear Tire (GT), on which he has Overweight ratings.