UBS Maintains a 'Buy' on Lear (LEA); Lowering Estimates After Co. Provided Cautious Guidance
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Price: $124.95 +1.88%
Rating Summary:
13 Buy, 16 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 16 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on Lear (NYSE: LEA) price target cut $1 to $56.
UBS analyst says, "We are lowering EPS estimates from $5.35 to $4.95 to reflect slightly lower sales, lower seating margins (launch cost related), and higher taxes. These are partially offset by higher EPMS margins (scale benefits) and share repurchases. Margins guidance for Seating looks conservative, while EPMS guidance looks aggressive."
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 $41.39 yesterday.
UBS analyst says, "We are lowering EPS estimates from $5.35 to $4.95 to reflect slightly lower sales, lower seating margins (launch cost related), and higher taxes. These are partially offset by higher EPMS margins (scale benefits) and share repurchases. Margins guidance for Seating looks conservative, while EPMS guidance looks aggressive."
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 $41.39 yesterday.
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