Wells Fargo Downgrades Visteon Corp to Hold


Visteon Corp (NYSE: VC) received a Hold rating and a $137 price target from Wells Fargo analyst Rich Kwas today. The company’s shares closed yesterday at $131.71.

According to TipRanks.com, Kwas is a 4-star analyst with an average return of 11.6% and a 62.9% success rate. Kwas covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Lennox International, and BorgWarner.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Visteon Corp with a $155.25 average price target, representing a 17.9% upside. In a report issued on July 13, Goldman Sachs also downgraded the stock to Hold.

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The company has a one-year high of $140.64 and a one-year low of $105.40. Currently, Visteon Corp has an average volume of 468.7K.

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Visteon Corp. engages in the design, engineering, and manufacture of electronics products, automotive vehicles and supplies automotive parts.. The firm provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment systems, audio systems, telematics solutions and head-up displays.

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