UBS Maintains a 'Buy' on Visteon (VC); Bid for Halla May Be High

UBS maintains a 'Buy' on Visteon (NYSE: VC) price target of $65.00.

Analyst, Colin Langan, said reports point to a high bid for Halla.

That comment is from reports that Visteon's 70% stake in Halla Climate Control Corp may be acquired by Mando Corp. Some consider that Chairman Chung Mong Won’s has reignited ambition to rebuild the Halla Group the way it was before filing bankruptcy in 1997.

Shares of VC are trading up 8.3% today and have really gained ground over the past month.

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 $42.45 yesterday.

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