Vishay price target lowered to $15 from $16 at BofA

Core Viewpoint - BofA has lowered the price target for Vishay (VSH) to $15 from $16 and maintains an Underperform rating on the shares, indicating a cautious outlook on the company's performance [1]. Group 1: Price Target and Rating - The price target for Vishay has been reduced to $15 from $16 [1]. - BofA continues to hold an Underperform rating on Vishay shares, reflecting concerns about the company's future performance [1]. Group 2: Management and Market Position - The firm acknowledges management's proactive approach in engaging with auto OEMs and positioning Vishay to capture market share from Nexperia [1]. - There is a need for more data points to build confidence in the sustainability of demand for Vishay's products [1]. Group 3: Earnings and Guidance - Adjustments to estimates have been made following the company's earnings report and guidance, reinforcing the Underperform rating [1].