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Fly News Breaks for February 28, 2020
LEA
Feb 28, 2020 | 09:33 EDT
Cleveland Research analyst Kevin Money initiated coverage of Lear with a Neutral rating saying it will be difficult for the company to hit turnaround targets for the E-Systems business without a material improvement 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.