Visteon price target raised to $104 from $84 at RBC Capital

RBC Capital analyst Tom Narayan raised the firm’s price target on Visteon (VC) to $104 from $84 and keeps an Outperform rating on the shares as part of a broader research note previewing Q2 for global automakers and OEMs. Sentiment for U.S. autos continues to be negative, with OEMs absorbing tariffs in Q2, though starting in Q3, pricing offsets will ramp up dealer inventories and pressure vehicle sales, especially given tariff pre-buy in the first half of 2025, the analyst tells investors in a research note. For the company, consensus for 2025 is at the bottom end of the company’s prior pre-tariff guide, with the firm also pushing out its valuation year to 2026 and raising its assumed EBITDA multiple to 6-times from 5-times, RBC added.