Lear price target lowered to $137 from $141 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on Lear to $137 from $141 and keeps a Hold rating on the shares. The firm expects the U.S. auto group to report generally in-line Q4 reports but continues to see “broad downside risk” to the sector’s 2024 outlooks. The target change is part of the firm’s 2024 guidance preview.