BofA lowered the firm’s price target on Lear (LEA) to $220 from $230 and keeps a Buy rating on the shares given larger exposure to the Detroit Three OEMs. For General Motors (GM), Ford (F) and suppliers the firm has lowered its Q3 and Q4 estimates to account for about a six-week UAW strike.
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- Visteon upgraded to Equal Weight at Barclays ahead of possible ‘buy-the-news’ Q3
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- White House plans emergency aid for auto suppliers, WaPo reports
- Lear down 5% as conference presentation continues
