Goldman Sachs Cuts Visteon Price Target to $104 Despite Mixed Analyst Views

Visteon Corporation (NASDAQ: VC), a global automotive technology company, has seen its price target reduced by The Goldman Sachs Group. The firm cut its target from $126.00 to $104.00 in a note issued to investors on Tuesday, while maintaining a "buy" rating. This revised target suggests a potential upside of 16.50% from the stock's previous close.

Several other research analysts have recently adjusted their outlooks on Visteon. JPMorgan Chase & Co. reduced their price target from $170.00 to $145.00 and kept an "overweight" rating. Deutsche Bank Aktiengesellschaft lowered their target slightly from $133.00 to $132.00, also maintaining a "buy" rating. TD Cowen increased their target price from $130.00 to $135.00 with a "buy" rating, while Wolfe Research downgraded the stock from "outperform" to "peer perform".

Despite mixed analyst opinions, Visteon currently has an average rating of "Moderate Buy" and an average price target of $130.91. The company's stock opened at $89.27 on Tuesday, with a market capitalization of $2.38 billion and a P/E ratio of 11.67. Visteon reported quarterly earnings of $1.91 per share, missing estimates by $0.30, but revenue came in slightly above expectations at $960.00 million.

Institutional investors have shown significant interest in Visteon, with several firms increasing their holdings. Versant Capital Management Inc. lifted its stake by 58.7%, and Caitong International Asset Management Co. Ltd. increased its position by 2,564.1%. Institutional investors now own 99.71% of the company's stock.