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Fly News Breaks for July 17, 2019
LEA
Jul 17, 2019 | 07:22 EDT
KeyBanc analyst James Picariello lowered his price target for Lear to $160 from $170 saying that while he had anticipated the company to cut its outlook amid lower second half of the year volumes, he was surprised by the magnitude of the revision and particularly by E-Systems' sizable margin shortfall. The analyst reiterates an Overweight rating on the shares amid free cash flow and valuation upside.
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