Visteon price target lowered to $124 from $129 at RBC Capital

RBC Capital lowered the firm’s price target on Visteon (VC) to $124 from $129 and keeps an Outperform rating on the shares after its Q3 results and FY24 revenue guidance that was narrowed lower. The firm is citing weaker GOM – Growth-over-Market – in China, owing to customer market share loss to domestics, the analyst tells investors in a research note.