UBS upgraded Visteon (VC) to Buy from Neutral with a price target of $142, up from $85. The upgrade is based on seeing a true durable outgrowth story driven by increased penetration through diversifying and growing with new customers such as Toyota (TM), as well as “reasonable” out-year expectations, the analyst tells investors in a research note. Visteon could benefit from better production at key customer Ford (F), China headwinds could stabilize in the second half of 2025, improving outgrowth, and while Visteon paused their buyback, free cash flow should remain solid, UBS argues.
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