Guggenheim Raises Visteon Price Target To $143, Shares Up 2%

Group 1 - Guggenheim raised its price target on Visteon Corp. to $143 from $134 while maintaining a Buy rating [1] - Shares of Visteon gained more than 2% in premarket trading following the announcement [1] - Recent investor meetings with company executives reinforced confidence in Visteon's growth strategy and product pipeline [1] Group 2 - The firm raised its price target due to a higher group multiple and stronger growth prospects in China [2] - There is increasing long-term potential from AI and high-performance computing [2] - The company's year-to-date bookings exceeded $6 billion, indicating ample growth potential despite concerns over battery management system risks beyond 2026 [2]