Visteon (VC) PT Raised to $140 at FBR Capital; Reiterates Buy

FBR Capital raised its price target on Visteon (NYSE: VC) to $140.00 (from $120.00) while maintaining a Buy rating. Analyst Christopher Horn believes that the company is on track to begin securing wins for its next-generation Phoenix infotainment system and that the introduction of the company's DriveCore autonomous driving domain controller at CES 2018 could provide the market with a significant update on how VC can gain from the proliferation of autonomous vehicles.

FBR continues to believe that VC is a high-quality name with multiple secular opportunities for revenue and EBITDA growth that should take shares higher over the next year.

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