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Fly News Breaks for January 21, 2020
VC
Jan 21, 2020 | 05:00 EDT
Barclays analyst Brian Johnson upgraded Visteon to Overweight from Equal Weight with a $110 price target.
News For VC From the Last 2 Days
VC
Apr 22, 2024 | 06:18 EDT
JPMorgan lowered the firm's price target on Visteon to $145 from $146 and keeps a Neutral rating on the shares. To reflect the "modestly softer than expected" trend in global light vehicle production during the quarter, the firm lowered Q1 estimates for auto supplier EBITDA by an average of 1% and earnings by 3%, resulting in new estimates that are on average 2% below the Street on EBITDA and 3% lower on earnings. However, the firm increased full year estimates for most suppliers, saying the outlook for full year production has improved since the time of Q4 earnings, and because of the material decline in automotive commodity prices during Q1, which should primarily benefit suppliers beginning in Q2.