UPDATE: JP Morgan Upgrades Visteon Corporation to Overweight on Sum-of-Parts Valuation, Catalysts

JP Morgan upgraded Visteon Corporation VC from Neutral to Overweight and raised the price target from $59.00 to $73.00. JP Morgan noted, "We upgrade shares of Visteon Corporation (VC) to Overweight from Neutral, on the belief that the firm will act aggressively to fully realize the value of the sum of its various parts and upcoming catalysts that should give investors reason to more highly value its two most compelling assets. Visteon will be hosting two analyst days, on March 12 in Shanghai and on March 14 in Seoul, to highlight the attractiveness of its 50% stake in China-based Yanfeng-Visteon (YFV) and its 70% stake in publicly traded South Korea-based Halla Visteon Climate Control (HVCC)." Visteon Corporation closed at $56.50 on Tuesday.