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Fly News Breaks for December 20, 2019
VC
Dec 20, 2019 | 06:19 EDT
RBC Capital analyst Joseph Spak upgraded Visteon to Outperform from Sector Perform with a price target of $106, up from $90. The analyst expects a "meaningful" inflection for the company in 2020 with organic growth of about 8.6% thanks to its prior launches and the addition of new launches. Spak adds that Visteon will continue to generate investor interest given its growth profile and balance sheet along with its "indifference to power train type in spite of the 50% year-to-date run-up in its stock price.
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