After hosting investor meetings with management in Europe, JPMorgan analyst Ryan Brinkman raised his price target for Visteon shares to $110 from $106. The analyst says his confidence is reinforced that Visteon will be among the suppliers to grow its earnings the most quickly over the next five years. The analyst keeps an Overweight rating on Visteon.

Sees 2024 adjusted EBITDA $470M-$500M and adjusted free cash flow $155M-$185M.

Reports Q1 revenue $933M, consensus $977.87M. "Our first quarter results highlight our continued progress on addressing the megatrends of digitalization and electrification that are rapidly changing the automotive industry. I am very proud of our continued operational execution and launching a high number of new products across the globe to support our customers and deliver near-term growth," said CEO Sachin Lawande. "We are also strengthening our future with another strong quarter of new business wins across our digital cockpit products while further diversifying into adjacent end markets."