BUZZ-Visteon rises after J.P. Morgan upgrades to 'overweight' on growth potential

Visteon Corporation

Visteon Corporation

VC

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** Shares of auto supplier Visteon VC.O rise 4.5% to $118.91 premarket

** J.P. Morgan upgrades VC to "overweight" from "neutral"; lifts PT to $165, a 45% upside to stock's last close

** Brokerage says slate of new business wins should support visible growth over the next 3 to 5 years, highlighting Toyota launches, Honda two-wheelers, TRATON, China AI-HPC programmes and India expansion

** Sees more than $5 bln in revenue and over $700 mln in EBITDA by 2029

** Says co booked more than $1 bln in lifetime value from AI-capable cockpit programmes with Chinese automakers

** 12 of 14 brokerages rate the stock "buy" or higher and two "hold"; their median PT is $125.5 - LSEG-compiled data

** As of last close, VC up 19.7% YTD


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