Visteon price target raised to $127 from $124 at RBC Capital

RBC Capital analyst Tom Narayan raised the firm’s price target on Visteon (VC) to $127 from $124 and keeps an Outperform rating on the shares as part of a broader research note previewing Q4 results for automakers. The firm’s channel checks suggest that while downshifting sequentially, as typical with seasonality, January U.S. auto sales are holding up, the analyst tells investors in a research note. Negativity around EVs is still strong, but RBC contends that EV data from Europe and the U.S. in late 2024 suggest that 2025 could be a recovery year, helped by new, lower priced models.