Barclays Maintains Overweight on Lear, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brian Johnson has maintained an Overweight rating on Lear Corporation (NYSE:LEA) but reduced the price target from $175 to $170.
January 24, 2024 | 9:07 pm
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Barclays has maintained an Overweight rating on Lear Corporation but lowered the price target from $175 to $170.
While the reduction in price target could suggest a slightly less optimistic outlook on Lear's future stock performance, the maintenance of an Overweight rating indicates that Barclays still has a positive view on the company's prospects. The impact on the stock price is likely to be neutral in the short term as the positive rating is counterbalanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100