UBS Reiterates a 'Buy' on Lear (LEA); Improved Seating Margins
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Price: $60.37 --0%
Rating Summary:
6 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 10 | New: 19
Rating Summary:
6 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 10 | New: 19
Trade LEA Now!
UBS reiterates a 'Buy' on Lear (NYSE: LEA) price target of $63.00 (from $59.00).
Analyst, Colin Langan, said, "Q2 adjusted EPS beat expectations on better sales and margins...LEA continues to execute well; revenues & margins steady...We are raising our 2012 EPS estimate from $5.20 to $5.30 to reflect the Q2 beat; however, we have adjusted our H2 estimate to be somewhat conservative (currently near mid-point of guidance vs. the high-end previously). We are raising our 2013E & 2014E EPS by $0.15 and 2015E & 2016E EPS by $0.25, to reflect the higher earnings base and slightly improved Seating margins."
For an analyst ratings summary and ratings history on Lear click here. For more ratings news on Lear click here.
Shares of Lear closed at $36.63 yesterday, with a 52 week range of $34.81-$50.18.
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Analyst, Colin Langan, said, "Q2 adjusted EPS beat expectations on better sales and margins...LEA continues to execute well; revenues & margins steady...We are raising our 2012 EPS estimate from $5.20 to $5.30 to reflect the Q2 beat; however, we have adjusted our H2 estimate to be somewhat conservative (currently near mid-point of guidance vs. the high-end previously). We are raising our 2013E & 2014E EPS by $0.15 and 2015E & 2016E EPS by $0.25, to reflect the higher earnings base and slightly improved Seating margins."
For an analyst ratings summary and ratings history on Lear click here. For more ratings news on Lear click here.
Shares of Lear closed at $36.63 yesterday, with a 52 week range of $34.81-$50.18.
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