Visteon downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs analyst Mark Delaney downgraded Visteon (VC) to Neutral from Buy with a price target of $74, down from $103. The firm believes auto tier one suppliers in general will struggle to fully offset lower industry volumes. Further, Visteon has “well above average” tariff risk, and its bookings have plateaued recently, including in domain controllers and electrification, which could imply slower outgrowth potential if this is sustained, the analyst tells investors in a research note.