Zacks Investment Research Lowers VALEO/S (OTCMKTS:VLEEY) to Strong Sell
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. “
A number of other research analysts have also weighed in on VLEEY. Royal Bank of Canada set a €67.00 ($77.91) price objective on Daimler and gave the company a buy rating in a report on Monday, June 3rd. Societe Generale lowered VALEO/S from a hold rating to a sell rating in a report on Friday, April 26th. Finally, Citigroup initiated coverage on Dicks Sporting Goods in a report on Wednesday, April 10th. They issued a neutral rating and a $40.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $15.00.
VALEO/S Company Profile
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; intuitive control 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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