Citigroup Maintains Neutral on Lear, Lowers Price Target to $141
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli maintains a Neutral rating on Lear Corporation (NYSE:LEA) and lowers the price target from $145 to $141.

May 01, 2024 | 6:25 pm
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NEGATIVE IMPACT
Citigroup maintains a Neutral rating on Lear Corporation and lowers the price target from $145 to $141.
The reduction in price target by Citigroup, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in LEA's stock price. The maintenance of a Neutral rating indicates that the analyst sees limited upside or downside potential from the current price level, suggesting a cautious outlook on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100