Visteon price target raised to $157 from $156 at JPMorgan

JPMorgan analyst Ryan Brinkman raised the firm’s price target on Visteon to $157 from $156 and keeps a Neutral rating on the shares. The analyst previewed quarterly earnings for the U.S. auto parts supplier sector by raising estimates across the board to “solidly above consensus levels” on the back of a “surprisingly resilient” consumer and very strong demand from fleet customers. This led to higher than expected global light vehicle production in Q2, the analyst tells investors in a research note.