Bank of America Said Lear Corp (LEA) Common Is Worthless

July 1, 2009 7:50 AM EDT

Bank of America slashed its price target on near-bankrupt auto supplier Lear Corp. (NYSE: LEA) from $1 to $0.01, maintaining their Underperform rating.

Lear Corporation designs, manufactures, and markets automotive seat systems, electrical distribution systems, and electronic products for the automotive industry.


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