Visteon Corporation (NASDAQ:VC) Faces Downgrade but Maintains Positive Analyst Sentiment

• Wolfe Research downgraded Visteon Corporation (NASDAQ:VC) from "Outperform" to "Peer Perform".
• The average 12-month price target among analysts is $133.07, suggesting potential upside.
• Despite the downgrade, the majority of analysts maintain a "Moderate Buy" recommendation, indicating confidence in Visteon's long-term prospects.

Visteon Corporation, listed on NASDAQ under the symbol VC, is a global automotive electronics supplier. The company provides advanced cockpit electronics and connected car solutions. Visteon competes with other automotive technology firms like Continental AG and Delphi Technologies. Recently, Wolfe Research downgraded Visteon from an "Outperform" to a "Peer Perform" rating, with the stock priced at $101.89 at the time.

Despite the downgrade, Visteon holds an average recommendation of "Moderate Buy" from sixteen analysts, as reported by MarketBeat.com. This includes five hold ratings, ten buy recommendations, and one strong buy. The average 12-month price target is $133.07, indicating potential upside from the current price. Robert W. Baird and The Goldman Sachs Group have set higher targets of $141.00 and $150.00, respectively.

The stock's current price of $101.89 reflects a decrease of 2.19% or $2.28. It has traded between $101.68 and $105.47 today. Over the past year, VC has seen a high of $129.10 and a low of $65.10. The market capitalization stands at approximately $2.78 billion, with a trading volume of 465,611 shares on the NASDAQ exchange.

Wells Fargo and Company have slightly reduced their price target from $151.00 to $148.00, showing a cautious stance. Despite this, the overall analyst sentiment remains positive, with a majority recommending a buy. This suggests confidence in Visteon's long-term growth prospects, despite the recent downgrade by Wolfe Research.