Fly News Breaks for March 22, 2018
LEA
Mar 22, 2018 | 08:00 EDT
As previously reported, Morgan Stanley upgraded Lear to Equal Weight from Underweight as coverage of the stock was transferred to analyst Armintas Sinkevicius. He raised the rating on the stock due to higher estimates and strong execution and increased his price target to $191 from the firm's prior $148 target.
News For LEA From the Last 2 Days
LEA
Mar 18, 2024 | 07:34 EDT
After assessing the initial Q1 setups for the U.S. auto stocks based on recent data points, Citi opened an overweight Magna (MGA), underweight Lear (LEA) pair trade. The firm says March data affirm its preference for automakers over suppliers into Q1. From a revenue exposure perspective, Magna "seems somewhat more de-risked" than Lear, having less exposure to China, slightly more exposure to Europe and somewhat less trim-mix exposure, the analyst tells investors in a research note.