Visteon price target raised to $138 from $136 at RBC Capital

RBC Capital raised the firm’s price target on Visteon (VC) to $138 from $136 and keeps an Outperform rating on the shares. The company’s Q3 EBITDA outperformed due to strong operating efficiency, which offset revenue headwinds from production shutdowns and aluminum supply disruptions, the analyst tells investors in a research note. The management also maintained its FY25 guidance and expects stronger Q4 driven by new program launches and higher production volumes, the firm added.