TD Cowen has revised its price target for Visteon (VC, Financial) upward to $105 from the previous target of $103, maintaining a Buy rating on the company's shares. This decision comes on the back of Visteon's strong performance in the first quarter, highlighted by positive results in both earnings and new business acquisitions.
Despite these achievements, Visteon opted to retract its official guidance for 2025 due to uncertainties surrounding tariffs. However, the company assured that its outlook remains in alignment with previous projections offered by the firm. This consistent outlook, alongside the robust quarterly performance, influenced TD Cowen's decision to enhance the stock's price target.
