Morgan Stanley Maintains Equal-Weight on Visteon, Lowers Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas maintains an Equal-Weight rating on Visteon (NASDAQ:VC) and lowers the price target from $145 to $135.
May 10, 2024 | 3:54 pm
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Morgan Stanley has maintained its Equal-Weight rating on Visteon but reduced the price target from $145 to $135.
The reduction in price target by a reputable analyst firm like Morgan Stanley can lead to a negative short-term sentiment among investors, potentially causing a decrease in Visteon's stock price. The Equal-Weight rating suggests that the analyst views the stock as fairly valued at its current price, but the lowered target indicates a reassessment of the stock's future growth prospects or valuation, which could influence investor perception and stock performance in the short term.
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IMPORTANCE 75
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