Wells Fargo analyst Colin Langan raised the firm’s price target on Lear to $134 from $130 and keeps an Equal Weight rating on the shares. The firm notes the company missed Q4 adjusted EBIT and introduced 2024 adjusted EBIT guidance of about 8% below consensus. Nonetheless, the stock traded up 1% likely reflecting low buy-side expectations into guidance, Wells says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on LEA:
- Lear sees FY24 revenue $24B-$24.6B, consensus $22.38B
- Lear Reports Fourth Quarter and Full Year Results and Provides Full Year 2024 Financial Outlook
- Lear reports Q4 adjusted EPS $3.03, consensus $3.12
- LEA Earnings this Week: How Will it Perform?
- Lear price target lowered to $179 from $195 at JPMorgan
