Visteon (VC) PT Lowered to $140 at TD Cowen

TD Cowen analyst Jeffrey Osborne lowered the price target on Visteon (NASDAQ: VC) to $140.00 (from $142.00) while maintaining a Buy rating.

The analyst commented, "Visteon 2Q24 showcases strong gains with $1.7bn in new business and 15 product launches, but faces hurdles as guidance is revised down due to ongoing challenges in China. Despite market volatility, robust financials and strategic global expansions underscore resilience. Notable is the Toyota Camry cluster launch, which positions the company for further growth."

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