Barclays lowered the firm’s price target on Visteon to $140 from $158 and keeps an Equal Weight rating on the shares. The analyst sees opportunity for Q4 beats across the auto and mobility space amid reduced expectations. The firm prefers manufacturers over suppliers near term, but the “inverse beyond that.” Barclays favors General Motors (GM) into the print, Aptiv (APTV) and BorgWarner (BWA) after, and is cautious on Autoliv (ALV) and Rivian Automotive (RIVN).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on VC:
- Rivian downgraded, Instacart upgraded: Wall Street’s top analyst calls
- Visteon upgraded to Buy from Neutral at UBS
- Visteon Unveils Cutting-Edge Technologies at CES 2024, Showcasing the Future of Mobility
- Visteon downgraded to Peer Perform at Wolfe Research
- Visteon downgraded to Peer Perform from Outperform at Wolfe Research