Visteon price target raised to $140 from $130 at BofA

BofA analyst Federico Merendi raised the firm’s price target on Visteon (VC) to $140 from $130 and keeps a Buy rating on the shares. The stock still trades below historical levels and the firm thinks that there is still room for Visteon to re-rate and trade at a premium over North American suppliers, the analyst tells investors in a note post Q2 and production estimate revisions.