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LEA

Lear

$146.33

1.19 (0.82%)

07:07
01/14/19
01/14
07:07
01/14/19
07:07

Lear announces partnership with Techstars

Lear announced a partnership with Techstars, the worldwide network that helps entrepreneurs succeed. The partnership is part of Lear Innovation Ventures Possibilities, led by John Absmeier, Lear's Chief Technology Officer. Lear joins existing partners Ford, Honda, AAA, USAA, Nationwide, and PlanetM, as a corporate participant in Techstars Detroit, a local mentorship-driven accelerator program. Lear's Innovation Center at 119 State Street in Detroit, MI will become the network's new location for its Detroit-based accelerator program. Techstars Detroit is expanding its focus from strictly mobility technologies to looking for startups that associate with manufacturing, IoT, and more.

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LEA Lear
$146.33

1.19 (0.82%)

01/04/19
UBSW
01/04/19
UPGRADE
Target $143
UBSW
Buy
Lear upgraded to Buy from Neutral at UBS
UBS analyst Colin Langan upgraded Lear Corporation to Buy and raised his price target for the shares to $143 from $141. The analyst sees less risk to the company's 2019 guidance since it already provided segment margin guidance. Further, Lear is currently trading at below four times EBITDA on the analyst's revised 2019 estimates, which he notes is at the low-end of historic ranges. In addition, the company has the best free cash flow yield in the group at 12%, which will support high share repurchases and/or accretive acquisitions, Langan tells investors in a research note. He also believes Lear's $1.4B backlog of new business provides a "sufficient cushion" to offset market and currency headwinds.
01/07/19
BUCK
01/07/19
UPGRADE
BUCK
Buy
Lear upgraded to Buy from Neutral at Buckingham
01/07/19
01/07/19
UPGRADE
Target $160

Buy
Lear upgraded to Buy on shares underperformance at Buckingham
As previously reported, Buckingham upgraded Lear to Buy from Neutral and increased its price target to $160 from $145. Analyst Joseph Amaturo said share have "grossly" underperformed the broader market and believes most of the bad news related to a global auto production slowdown is reflected in shares. Amaturo views Lear as one of the best managed global auto suppliers that should outpace global production levels given its sizeable backlog, which should remain strong given secular trends.
01/07/19
MSCO
01/07/19
NO CHANGE
MSCO
Morgan Stanley sees most, if not all, auto suppliers guiding below consensus
Ahead of the Detroit auto show, Morgan Stanley analyst Armintas Sinkevicius said he expects that most, if not all, auto suppliers will provide 2019 guidance that is lower than consensus. He sees the most downside risk to Visteon (VC) and Adient (ADNT), estimating that they may guide adjusted EBITDA 6.4% and 5.0% below consensus, respectively. Not everyone will provide guidance at the show, as American Axle (AXL) and Delphi Technologies (DLPH) gave guidance with Q3 earnings and Aptiv (APTV) and BorgWarner (BWA) plan to wait for Q4 earnings, added Sinkevicius. He estimates that, on average, the auto suppliers will guide to 1.5% revenue growth and -25 bps of margin contraction in 2019, adding that his concern is that the guidance provided at Detroit may not sufficiently de-risk figures. Others in the space include Lear (LEA), Tenneco (TEN) and Magna (MGA).

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LOIMF

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SFTBY

SoftBank; also use SFTBF

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(0.00%)

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MET

MetLife

$45.32

0.28 (0.62%)

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NTDOY

Nintendo

$0.00

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17:55
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