Visteon Reports Strong 2016 Financial Results, Driven by Record Performance
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February 24, 2017 6:40 AM EST
FBR Capital analyst Christopher Van Horn reiterates Outperform rating and raises price target on Visteon Corp. (NYSE: VC) to $110 (from $100), noting profitability is improving, as the company reported 2016 fourth quarter adjusted EBITDA above estimates.
Van Horn comments, "Visteon is, in our view, one of the most investable and compelling upside opportunities... More
February 23, 2017 6:56 AM EST
Visteon (NYSE: VC) reported Q4 EPS of $1.82, $0.49 better than the analyst estimate of $1.33. Revenue for the quarter came in at $816 million versus the consensus estimate of $792.58 million.
Full-Year 2017 Outlook
Visteon projects Electronics Product Group 2017 sales of $3.1 billion to $3.2 billion.... More
