Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Goldman Upgrades Visteon to 'Outperform'

Goldman Sachs upgraded Visteon (VC) to outperform from in-line.

Analyst Gary Lapidus says he expects Ford -- Visteon's biggest customer -- is considering major changes that could drive a significant profit improvement for Visteon. He says Ford is now planning to move Visteon from an "off balance sheet cost center" towards a more independent, viable, and profitable supplier.

Lapidus notes these changes include addressing product pricing and union labor costs, and cutting unprofitable business lines at Visteon. Along with his upgrade, he downgraded auto-parts makers Johnson Controls, Lear Corp., and Magna International to in-line from outperform on price. He also reinstated his outperform rating for Dana Corp., and his in-line rating for ArvinMeritor.

blog comments powered by Disqus