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.
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