Fly News Breaks for December 16, 2019
LEA
Dec 16, 2019 | 07:52 EDT
Barclays analyst Brian Johnson raised his price target for Lear to $128 from $116 citing greater confidence in the company's mid-term margin profile. Further, after hosting management for investor meetings, the analyst believes Lear is a good candidate for socially responsible investing funds "with megatrend exposure." The company benefits from the megatrends toward electrification and connectivity without any ICE exposure, Johsnon tells investors in a research note. He keeps an Equal Weight rating on the name.
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.