Visteon upgraded to Overweight from Neutral at JPMorgan JPMorgan upgraded Visteon based on expectations management will act to increase share value to reflect the sum of its parts and notes upcoming catalysts from two analyst days in March. Price target is $73.
Visteon reports Q4 adjusted EPS $1.67, consensus $1.22 Reports Q4 revenue $2.04B, consensus $2.06B. Hyundai-Kia accounted for approximately 34% of Visteon's fourth-quarter sales, with Ford Motor Company representing 23%, and Renault-Nissan accounting for 6%. Reports Q4 Climate sales $1.28B; Reports Q4 Electronics sales $744M.