Visteon price target lowered to $100 from $127 at RBC Capital

RBC Capital lowered the firm’s price target on Visteon (VC) to $100 from $127 and keeps an Outperform rating on the shares after its Q4 results and below-consensus guidance. The company’s FY25 outlook incorporates what is “conservative” company-weighted LVP – Light Vehicle Production – levels, the analyst tells investors in a research note. The firm is also setting its valuation multiple lower, consistent with current peer levels, RBC adds.