Wolfe Research analyst Emmanuel Rosner upgraded Visteon (NASDAQ: VC) from Peerperform to Outperform with a price target of $135.00.

The analyst comments "We upgrade Visteon from Peer Perform to Outperform and set a $135 target price Following trough 1Q26 results, Visteon’s organic growth and EBITDA margins should materially improve in 2H26, along with FCF, as it ramps up new business and recovers input cost inflation. We expect further acceleration in 2027+, with organic growth of 7% and GoM of at least ~8 ppts, as Visteon capitalizes on several key strategic initiatives including major launches across Toyota, Honda / 2-wheelers, Chinese OEs, and CVs. This would likely make Visteon the supplier with best growth profile, which is not reflected in the stock’s current valuation. At ~5x our 2027 EBITDA of $517 MM, VC is trading in-line with the average cyclical Auto Supplier (at 4x-6x). We believe its improving fundamentals could support valuation at the high-end of that range. Visteon’s Investor Day on June 25th could serve as a potential catalyst, as we expect management to lay out ambitious mid-term revenue and margin targets, driven by new business which supports MSD/HSD organic growth p.a. (potentially supporting ~$5 bn in revs by 2029), ~30-50 bps of annual margin expansion (low-20s incrementals); and FCF conversion of at least 40% with a clear framework to return more cash to shareholders. Our target price of $135 is based on to ~6x our 2027 EBITDA est of $517 MM."

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Shares of Visteon closed at $113.69 yesterday.