Morgan Stanley Maintains Equal-Weight Rating for Lear: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating for Lear Corporation (NYSE:LEA) and increased its price target from $135.00 to $140.00. Lear's shares are currently trading at $140.07, down 0.38% over the last 24 hours. Lear is a leading automotive seating and electrical systems manufacturer, with GM and North America being its largest customer and regional market.
June 28, 2023 | 5:02 pm
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Morgan Stanley maintains Equal-Weight rating for Lear Corporation and raises its price target. This could potentially stabilize the stock's price in the short term.
Morgan Stanley's decision to maintain its Equal-Weight rating for Lear Corporation indicates a neutral outlook for the stock. The increase in price target could potentially provide a slight boost to the stock's price, but the current trading price is already around the new target. Therefore, the impact on the stock's price in the short term is expected to be neutral.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100