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UPDATE: Susquehanna Financial Group Initiates Coverage On Visteon Corp. On Hidden Value In Plain Sight

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In a report published Tuesday, Susquehanna Financial Group analyst Matthew Stover initiated coverage on Visteon Corp. (NYSE: VC) with a Positive rating and $107.00 price target.

In the report, Susquehanna Financial Group noted, “Visteon Corp. has been a hidden value story since emerging from bankruptcy. The company has a majority holding in HallaVisteon Climate, a rapidly growing Electronics business, and a balance sheet brimming with cash. For those folks that think the story is over we would suggest you revisit that thought process. We see more actions as the company simplifies itself further, and that should be to the benefit of the current valuation.”

Visteon Corp. closed on Monday at $89.66.

Latest Ratings for VC

DateFirmActionFromTo
Nov 2019UpgradesPeer PerformOutperform
Nov 2019MaintainsUnderweight
Oct 2019MaintainsEqual-Weight

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Posted-In: Matthew Stover Susquehanna Financial GroupAnalyst Color Initiation Analyst Ratings

 

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