Lear Reports Second Quarter 2024 Results

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Go back to Lear Reports Second Quarter 2024 Results

Lear (LEA) PT Lowered to $162 at JPMorgan

July 26, 2024 4:48 AM EDT

JPMorgan analyst Ryan Brinkman lowered the price target on Lear (NYSE: LEA) to $162.00 (from $166.00) while maintaining a Overweight rating.

The analyst comments "LEA shares rose +3.7% Thursday vs. the S&P 500s -0.5% after the firm reported 2Q earnings that tracked largely in line with Street estimates across most metrics (in contrast to most auto parts suppliers which we expect to disappoint this quarter) while only modestly trimming its full year outlook by a lesser degree than investors likely feared. 2Q revenue of $6,012 mn, was essentially in line with Bloomberg consensus for $6,042 mn and... More