RBC Capital analyst Joseph Spak lowered his price target on Visteon (VC) to $91 after its "rough print" with a Q4 earnings miss and below-consensus FY20 revenue guidance. The analyst notes that the coronavirus situation is "fluid" and the company's margin guidance was disappointing, but he keeps his Outperform rating and sees the outlook as "conservative" given the new business roll-ons and some caution around the Ford (F) F-150 launch based on the "hiccups" of prior Ford launches.

Ford is recalling over 456,000 Bronco Sport and Maverick vehicles due to a battery detection issue that can result in loss of drive power, increasing the risk of a crash, Wyatte Grantham-Philips of The Associated Press reports, citing documents published by the National Highway Traffic Safety Administration. The recall covers about 403,000 model year 2021-2024 Bronco Sports produced between February 2020 and March 2024, as well as more than 53,000 model year 2022-2023 Mavericks manufactured from February 2021 to October 2022, according to the report. A Ford spokesperson confirmed to The Associated Press Wednesday, that the software update should arrive by later in the second quarter, commenting that "safety is a top priority, and we are taking proactive measures to address this issue promptly and effectively." Reference Link