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Fly News Breaks for June 26, 2017
VC
Jun 26, 2017 | 08:07 EDT
As noted earlier, BMO Capital upgraded Visteon to Outperform from Market Perform. After meeting with Visteon's management, analyst Richard Carlson is more confident in the company's ability to meet its long-term profit and sales targets. He is also upbeat on the stock because of the company's "low exposure to the U.S. market," its focus on cockpit electronics which he says is growing rapidly, and its efforts to boost its margins. Target to $115 from $104.
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