Lear resumed with a Hold at Deutsche Bank

Deutsche Bank analyst Edison Yu resumed coverage of Lear with a Hold rating and $132 price target. The firm says macro headwinds such as weaker global light vehicle production and lower penetration of electric vehicles are likely to “keep a lid” on the company’s growth in the near-term. Longer term, the timeline to achieving Lear’s 8% margin targets for both E-systems and Seating segments remains unclear, the analyst tells investors in a research note.