Lear price target lowered to $127 from $141 at Citi

Citi lowered the firm’s price target on Lear to $127 from $141 and keeps a Neutral rating on the shares. The firm maintains its long-held preference for automakers over auto supplier stocks into the Q2 reports, but is taking a tactically more positive stance on suppliers into the prints, as it sees “better-than-feared outcomes” lifting near-term sentiment off “currently depressed levels, similar to what played out in Q1.”