Longbow Research Thinks Veoneer Inc’s Stock is Going to Recover


In a report released yesterday, Anthony Deem from Longbow Research maintained a Buy rating on Veoneer Inc (VNE), with a price target of $32. The company’s shares closed yesterday at $22.07, close to its 52-week low of $20.87.

According to TipRanks.com, Deem is ranked 0 out of 5 stars with an average return of -10.0% and a 20.4% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Adient plc, and Lear Corp.

Currently, the analyst consensus on Veoneer Inc is a Moderate Buy with an average price target of $27.17, representing a 23.1% upside. In a report issued on April 29, Mizuho Securities also maintained a Buy rating on the stock.

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The company has a one-year high of $57.93 and a one-year low of $20.87. Currently, Veoneer Inc has an average volume of 690.1K.

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Veoneer, Inc. engages in the design, development, sale, and manufacture of automotive safety electronics. It operates through the Electronics and Brake Systems segments. The Electronics segment consists of safety and restraint control systems product areas. The Brake Systems segment comprises of brake systems product area.

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