Citigroup Maintains Neutral Rating for Lear: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Neutral rating for Lear Corporation (NYSE:LEA) but lowered its price target from $158.00 to $152.00. The current share price of Lear is $136.76, and a move to $152.00 would represent an 11.14% increase. Lear is a company that designs, develops, and manufactures automotive seating and electrical systems and components.
October 11, 2023 | 5:00 pm
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Citigroup has maintained its Neutral rating for Lear but lowered its price target. This could potentially impact the stock's performance in the short term.
The decision by Citigroup to maintain its Neutral rating indicates that the bank does not expect significant changes in Lear's stock performance. However, the lowering of the price target could potentially indicate a less optimistic outlook, which might impact investor sentiment and the stock's short-term performance.
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