Wells Fargo upgraded Visteon to Equal Weight from Underweight with a price target of $108, up from $106. The firm cites valuation and improving margins for the upgrade. Visteon screens well vs. peers as growth over market helps offset flat LVP, lower labor inflation risk, improving free cash flow and competitor disruption, though risks remain around battery electric vehicle growth and profitability, the analyst tells investors in a research note.
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