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Fly News Breaks for January 28, 2019
LEA
Jan 28, 2019 | 08:43 EDT
Baird analyst David Leiker raised his price target on Lear to $158 from $140 as he believes its growth profile suggests the current valuation is a buying opportunity. The analyst said the company remains a second half of 2019 story as revenue/margins ramp and industry volumes improve. He also said the free cash flow story remains attractive at current levels, especially compared to peers. Leiker reiterated his Outperform rating on Lear shares.
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