Visteon price target raised to $170 from $163 at Baird

Baird raised the firm’s price target on Visteon to $170 from $163 and keeps an Outperform rating on the shares. The analyst said they posted better-than-expected 4Q22 and issued 2023 guidance above our estimates. We see Visteon as strongly positioned fundamentally, as supply chain leadership is sustaining, management successfully navigated setting 2023 expectations, and well aligned versus. secular tailwinds.