Lear price target lowered to $136 from $142 at UBS

UBS lowered the firm’s price target on Lear to $136 from $142 and keeps a Neutral rating on the shares. While UBS is encouraged by some potential mid-term developments, growth is likely to be choppy over the next 12-18 months, which could limit margin expansion, the analyst tells investors in a research note. The firm sees 15% downside risk to 2025 consensus estimates but believes the market is pricing in levels closer to the new forecast.