Guggenheim raised its price target on Visteon Corp. (NASDAQ:VC) to $143 from $134 while maintaining a Buy rating. Shares gained more than 2% in premarket trading Tuesday.
The analysts said recent investor meetings with company executives reinforced confidence in Visteon’s growth strategy and product pipeline. They pointed to ongoing expansion in the display business, emerging AI opportunities, and positive production trends.
The firm raised its price target to reflect a higher group multiple, stronger growth prospects in China, and increasing long-term potential from AI and high-performance computing.
Although investors remained focused on potential battery management system risks beyond 2026, Guggenheim said the company’s $6 billion-plus year-to-date bookings showed ample growth potential regardless of powertrain trends.
