Fly News Breaks for December 16, 2019
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.
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