Barclays Downgrades Lear to Equal-Weight, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Dan Levy has downgraded Lear Corporation (NYSE:LEA) from Overweight to Equal-Weight and reduced the price target from $140 to $120.
October 30, 2024 | 11:22 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Barclays has downgraded Lear Corporation from Overweight to Equal-Weight, and reduced the price target from $140 to $120, indicating a less optimistic outlook.
The downgrade from Overweight to Equal-Weight suggests that Barclays sees less potential for Lear's stock to outperform the market. The reduction in the price target from $140 to $120 indicates a lower expected valuation, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100