Barclays Downgrades Lear (LEA), Sees Little Value For Shareholders
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Barclays downgrades Lear (NYSE: LEA) from Equal Weight to Underweight and cut its price target to $0.25 per share.
The firm said in a restructuring, in or out of bankruptcy, there will be little value left for common shareholders.
Shares of LEA closed at $1.93 on Friday, implying 87% downside to the firm's $0.25 price target.
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