Deutsche Bank analyst Emmanuel Rosner lowered the firm’s price target on Lear to $135 from $143 and keeps a Hold rating on the shares. The company’s "soft" 2023 guidance correctly reflects its "muted outlook" for this year, the analyst tells investors in a research note. The analyst does not view Lear’s mid-point assumption of global production of up 2% on a company-weighted basis as overly conservative.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on LEA:
- Lear price target raised to $173 from $165 at Cowen
- Lear sees FY23 revenue $21.2B-$22.2B, consensus $22.4B
- Lear reports Q4 adjusted EPS $2.81, consensus $2.57
- Lear Reports Fourth Quarter and Full Year 2022 Results and Provides Full Year 2023 Outlook
- Lear price target raised to $170 from $162 at Benchmark