Visteon price target raised to $134 from $124 at Guggenheim

Guggenheim raised the firm’s price target on Visteon (VC) to $134 from $124 and keeps a Buy rating on the shares. The firm, which updated estimates for its auto supplier coverage, argues that the near-term setup continues to skew favorably as demand inflects positively and tariff concerns dissipate in North America. Within the supplier group, the firm favors Visteon based on continued outperformance on free cash flow and margins and upside it sees to second half expectations, the analyst noted.