Lear price target raised to $165 from $150 at Barclays

Barclays analyst Dan Levy raised the firm’s price target on Lear to $165 from $150 and keeps an Equal Weight rating on the shares. Stability is emerging for the autos sector, but “beware” of a “high bar” into earnings, the analyst tells investors in a research note. The firm sees “some risk in this environment.” The bar has clearly risen for autos into earnings, and has been reflected in auto stocks, it writes. Accordingly, Barclays urges investors to set expectations appropriately into earnings.