Visteon price target raised to $195 from $164 at Cowen

Cowen raised the firm’s price target on Visteon to $195 from $164 and keeps an Outperform rating on the shares. The analyst noted Visteon launched 13 new products in 4Q and won $1B in new business. Supply constraints have shifted from analog and power chips to micro controllers likely due to shortages of wafer starts resulting in some conservatism embedded within 2023 guidance.