Zacks Investment Research upgraded shares of VALEO/S (OTCMKTS:VLEEY) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning.
According to Zacks, “Valeo SA designs, produces, and sells components, integrated systems, and modules for automobile industry. The Company has four business groups supplying products to the original equipment market and the aftermarket. The 4 Business Groups are: Powertrain Systems, Thermal Systems, Comfort and Driving Assistance Systems, and Visibility Systems. The Powertrain Systems offers electrical systems, transmission systems and hybrid and electric vehicle systems. The Thermal Systems products include climate control, compressors and front-end modules. The Comfort and Driving Assistance Systems products comprise driving assistance and access mechanisms. The Visibility Systems products are lighting systems, wiper Systems and wiper Motors. Valeo SA is headquartered in Paris, France. “
Several other research firms have also recently commented on VLEEY. ValuEngine cut VALEO/S from a sell rating to a strong sell rating in a research note on Saturday, October 6th. BNP Paribas cut VALEO/S from an outperform rating to a neutral rating in a research note on Thursday, October 4th. Goldman Sachs Group upgraded VALEO/S from a sell rating to a neutral rating in a research note on Thursday, August 23rd. Finally, HSBC cut VALEO/S from a buy rating to a hold rating in a research note on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has an average rating of Hold and an average target price of $42.00.
Valeo SA designs, produces, and sells components, integrated systems, and modules for the automotive sector worldwide. The company operates through four segments: Comfort & Driving Assistance Systems, Powertrain Systems, Thermal Systems, and Visibility Systems. It offers parking and driving assistance products, such as ultrasonic sensors, radars, and cameras to detect obstacles around vehicles; interior controls products; and a range of connectivity solutions from short-range to long-range connectivity, as well as develops systems that enable the integration of applications, such as car sharing services and remote parking systems.
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