Wells Fargo analyst Colin Langan upgraded Visteon to Overweight from Equal Weight with a price target of $122, up from $115. The firm cites valuation for the upgrade, as well as above average growth. Visteon screens well vs. peers with high GoM offsetting moderating Light Vehicle Production, lower labor inflation risk, improving free cash flow and competitor disruption, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VC: