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Fly News Breaks for October 16, 2019
LEA
Oct 16, 2019 | 08:54 EDT
Buckingham analyst Joseph Amaturo maintained a Neutral rating on Lear (LEA) and lowered his price target to $105 from $140. In a research note to investors, Amaturo says he believes shares have limited upside and are likely to decline commensurate with expected further declines in production, notably in North America and Europe. The analyst believes volume declines will adversely impact margin, and feels near-term results will be adversely impacted by the GM (GM) strike.
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