Information Provided By:
Fly News Breaks for January 9, 2020
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.