Information Provided By:
Fly News Breaks for October 11, 2018
ADNT, LEA
Oct 11, 2018 | 07:14 EDT
As previously reported, Goldman Sachs analyst David Tamberrino upgraded Lear (LEA) to Buy from Neutral, telling investors that he sees the potential for the company to win new business from Adient (ADNT), which is facing its own operational challenges. Following a heavy launch period, Tamberrino projects a 6% revenue CAGR through 2022 for Lear and sees upside potential to its long-term margin guidance. Additionally, he views the stock's current valuation as "undemanding," particularly in light of its free cash flow yield. However, Tamberrino lowered his price target on Lear shares to $195 from $198.
News For LEA;ADNT From the Last 2 Days
There are no results for your query LEA;ADNT