Analyst Mark Delaney of Goldman Sachs maintained a Hold rating on Lear, retaining the price target of $112.00.
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Mark Delaney has given his Hold rating due to a combination of factors related to Lear’s recent performance and future outlook. Although Lear reported strong second-quarter results with revenue, operating margin, and earnings per share surpassing market expectations, there are concerns regarding its future operating income and margin guidance, which fall below market consensus.
Additionally, while Lear’s revenue guidance for the full year is promising, the company’s core operating margin guidance is slightly lower than both Goldman Sachs and market expectations. The anticipated impact of tariffs and the potential lag in cash repayments from tariff recovery agreements also contribute to a cautious outlook. These elements combined suggest a balanced risk-reward scenario, justifying the Hold rating.
Delaney covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Lear, and Ford Motor. According to TipRanks, Delaney has an average return of 17.7% and a 62.98% success rate on recommended stocks.
In another report released on July 16, Barclays also maintained a Hold rating on the stock with a $120.00 price target.