Lear profit beats on strong automobile demand in China

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Lear (LEA) PT Raised to $229 at Jefferies

May 10, 2021 8:43 AM EDT

Jefferies analyst David Kelley raised the price target on Lear (NYSE: LEA) to $229.00 (from $210.00) while maintaining a Buy rating.

The analyst commented, "LEA reported 1Q core EBIT of $336m above our est. of $280m & consensus of $278m. Despite ongoing supply chain & likely production downtime... More