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Visteon Corporation Shares Plunge 9.12% Amid Downgrades
Generated by AI AgentAinvest Movers Radar
Thursday, Apr 10, 2025 6:26 pm ET1min read
Visteon Corporation (VC) shares plummeted 9.12% today, marking the lowest level since September 2020, with an intraday decline of 11.75%.
Visteon's stock price has been under significant pressure due to recent downgrades by major
. and Goldman Sachs both downgraded their ratings for , citing concerns over new trade policies and tariff risks. These downgrades reflect worries about increased costs and weaker demand in the automotive industry, which could adversely affect Visteon's financial performance.Morgan Stanley also revised its target price for Visteon, indicating a more cautious outlook on the company's future prospects. The combined impact of these downgrades has contributed to the sharp decline in Visteon's stock price, as investors reassess the company's ability to navigate the challenging market conditions.
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