Visteon price target lowered to $146 from $188 at RBC Capital

RBC Capital lowered the firm’s price target on Visteon to $146 from $188 but keeps an Outperform rating on the shares. The analyst cites the company’s reduced guidance relative to last year’s Investor day owing to the EV slowdown and Chinese exposure to foreign brands, though Visteon is still being helped by a high number of launches in 2023 and 2024, the analyst tells investors in a research note.