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Fly News Breaks for December 20, 2019
LEA
Dec 20, 2019 | 06:10 EDT
RBC Capital analyst Joseph Spak upgraded Lear to Outperform from Sector Perform with a price target of $161, up from $129. The analyst says the company's official 2020 guidance has been de-risked by recent management commentary as the company looks to return to margin expansion beyond next year. Spak also sees the stock trading at an "attractive" valuation while generating "strong" free cash flows.
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.