Morgan Stanley Upgrades Lear to Overweight, Raises Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas upgrades Lear Corporation (LEA) from Equal-Weight to Overweight and increases the price target from $150 to $160.

May 10, 2024 | 10:59 am
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Lear Corporation's stock rating was upgraded by Morgan Stanley from Equal-Weight to Overweight, with a price target increase from $150 to $160.
Upgrades in analyst ratings, especially from a reputable firm like Morgan Stanley, typically lead to positive short-term price movements. The increase in price target further supports a bullish outlook for LEA, suggesting that the analyst sees stronger future performance and potential undervaluation at previous levels.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100