Lear price target raised to $143 from $138 at Deutsche Bank

Deutsche Bank analyst Emmanuel Rosner raised the firm’s price target on Lear to $143 from $138 and keeps a Hold rating on the shares. The analyst expects somewhat soft Q4 results from Lear as industry dynamics have played out largely as expected, with some incremental disruption in China from COVID and ongoing challenges in North America and Europe. As such, Rosner sees sales tracking just below guidance of $5.3B at $5.2B with OI of $254M.