UPDATE: Susquehanna Financial Group Initiates Coverage On Visteon Corp. On Hidden Value In Plain Sight

In a report published Tuesday, Susquehanna Financial Group analyst Matthew Stover initiated coverage on Visteon Corp. (NYSE: VC) with a Positive rating and $107.00 price target.

In the report, Susquehanna Financial Group noted, “Visteon Corp. has been a hidden value story since emerging from bankruptcy. The company has a majority holding in HallaVisteon Climate, a rapidly growing Electronics business, and a balance sheet brimming with cash. For those folks that think the story is over we would suggest you revisit that thought process. We see more actions as the company simplifies itself further, and that should be to the benefit of the current valuation.”

Visteon Corp. closed on Monday at $89.66.