Barclays analyst Dan Levy maintains $Lear (LEA.US)$ with a buy rating, and adjusts the target price from $150 to $140.
According to TipRanks data, the analyst has a success rate of 40.9% and a total average return of -1.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lear (LEA.US)$'s main analysts recently are as follows:
The sentiment towards automotive suppliers is currently subdued, and there is an anticipation of a cessation in the trend of negative estimate revisions. This comes as part of a broader third-quarter earnings outlook within the automobile and mobility sector, where a preference for car makers over suppliers persists.
Ahead of the third quarter earnings reports, there has been a revision of North American automotive production forecasts downward, taking into account the actual third quarter figures and original equipment manufacturers' comments indicating a trend towards production discipline. It was noted that suppliers are not reaping the same benefits from robust pricing as much as original equipment manufacturers and dealers. The change in the price target takes into account both the revised estimates and multiple adjustments to mirror the more challenging macroeconomic conditions for suppliers.
Note:
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