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Fly News Breaks for January 9, 2020
LEA
Jan 9, 2020 | 08:34 EDT
Benchmark analyst Michael Ward initiated coverage of Lear (LEA) with a Buy rating and $170 price target, stating that he views the General Motors (GM) strike recovery being a positive in 2020. He believes Lear can see "near-record financial results" given his expectation for elevated global demand in 2020 and in 2021 along with new business wins, inventory replenishment and stability in China.
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.