JPMorgan and Barclays raise Visteon targets to $165 and $145, citing strong automotive growth potential and reduced execution risks.
Wall Street analysts issued several high-profile upgrades, with Visteon (VC) leading the charge. JPMorgan lifted its price target to $165 from $108, citing the company’s strong positioning in automotive verticals and lower execution risk compared to peers. Barclays also upgraded Visteon to Overweight, raising its target to $145 from $115.
Ovintiv (OVV) and ConocoPhillips (COP) saw upgrades as well. Wells Fargo raised Ovintiv’s target to $80 from $57, noting its completed portfolio transformation. Roth Capital upgraded ConocoPhillips to Buy with a $130 target, citing near-term oil price stabilization and geopolitical risks.
Other upgrades included Baldwin Group (BWIN) and BWX Technologies (BWXT), with JPMorgan and Seaport Research highlighting potential take-private deals and strong Q1 performance, respectively.