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home / news releases / VC - Automotive technology company Visteon drops ~7% on PT lowered to $108 by Citi analyst

VC - Automotive technology company Visteon drops ~7% on PT lowered to $108 by Citi analyst

Visteon Corporation
Automotive technology company, Visteon (VC -6.7%) price target lowered to $108 from $119 by VC Citi analyst Itay Michaeli. He keeps a Neutral rating on the shares for Q1. The analyst's auto supplier estimates and targets are reduced mainly to reflect lower auto production and inflation. Analyst expects suppliers to take a cautious macro view and adjust outlooks to either the lower end of prior ranges or below. His estimates are "comfortably below consensus" as Michaeli expects. The company has a consensus revenue expectation of $731.93M for FQ1 and an EPS consensus of $0.67. The stock trades at $98.8 currently, and has dropped about 23% over the last one year.

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Automotive technology company, Visteon drops ~7% on PT lowered to $108 by Citi analyst
Stock Information
Company Name: Visteon Corporation
Stock Symbol: VC
Market: NASDAQ
Website: visteon.com
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