Wells Fargo analyst Colin Langan maintains $Lear (LEA.US)$ with a hold rating, and adjusts the target price from $114 to $106.
According to TipRanks data, the analyst has a success rate of 47.2% and a total average return of -6.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lear (LEA.US)$'s main analysts recently are as follows:
Lear's Q3 results exceeded expectations, although the consensus had been adjusted downward following the company's September pre-announcement indicating a more negative track for 2024 compared to previous forecasts. The company's implied Q4 revenue and core operating income guidance, which appears to fall short of market expectations, was reportedly linked to increasingly subdued customer production forecasts, particularly in Europe.
The firm indicated that Lear's quarterly outcomes showed robustness despite adverse conditions, yet anticipates that the ongoing difficulties will sustain a climate of uncertainty and prudence up to the year 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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