UPDATE: KeyBanc Starts Visteon (VC) at Sector Weight

April 15, 2021 1:16 AM EDT
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Price: $127.11 +0.46%

Rating Summary:
    14 Buy, 9 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 38 | Down: 18 | New: 7
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(Updated - April 15, 2021 5:33 AM EDT)

KeyBanc analyst James Picariello initiates coverage on Visteon (NASDAQ: VC) with a Sector Weight rating.

The analyst comments "We are initiating on VC with a SW rating as the Co.'s over-indexed NT chip shortage exposure and uncertainties in new launch profitability inform balanced risk/reward. We believe VC is a unique, pure-play cockpit electronics provider primed to leverage secular demand for modular digital clusters & displays, scalable infotainment, and EVs--converging w/its platform-based approach and burgeoning BMS capability. We regard VC's margin trajectory as the stock's key swing factor over the next 3-yr. period of likely all-time high revenue growth."

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 $119.19 yesterday.

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