-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We raise our 12-month target by $5 to $130, based on a 2027 P/E of 13.4x, a steep discount to historic averages. We lower our adjusted EPS estimates to $8.65 from $9.40 for 2026 and to $9.70 from $10.30 for 2027. This morning, VC posted disappointing Q1 earnings, but there were some silver linings in the release. Despite its bottom line miss, management maintained 2026 guidance and said it expects margin improvement over the balance of the year, supported by customer recoveries and ongoing cost actions. Moreover, despite industry and customer vehicle production being down 3% and 4% in Q1, respectively, VC delivered growth-over-market of 3%, driven by the ramp-up of recent product launches and robust customer demand. VC also recently announced a 36% dividend hike and reported a significant increase in buybacks, repurchasing $30M of stock in Q1 (vs. total 2025 buybacks of $57M). VC remains one of our top auto supplier picks, as earnings have beaten consensus over 80% of the time over the last three years.