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UBS Maintains a 'Buy' on Visteon (VC); Shares Trading at Discount

August 3, 2012 1:17 PM EDT Send to a Friend
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Price: $104.79 -1.38%

Rating Summary:
    6 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 24 | New: 21
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UBS maintains a 'Buy' on Visteon (NYSE: VC) price target of $65.00 (from $77.00).

Analyst, Colin Langan, said, "Visteon's 70% stake in Halla (traded in Korea) is currently worth $32/share while VC own shares are now trading at $29/share. This implies that the current share price does not reflect the value of a 50% stake in the largest interiors supplier in China (YFV) and the remaining core operations. We estimate that YFV alone is worth $34/share. VC remains one of our favorite names as we see significant upside from current levels."

FY12 EPS estimate raised from $2.90 to $3.10, FY13 lowered from $4.60 to $4.25.

For an analyst ratings summary and ratings history on Visteon click here. For more ratings news on Visteon click here.

Shares of Visteon closed at $28.61 yesterday.

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