Fly News Breaks for December 20, 2019
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.
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