Goldman Sachs downgraded Lear (LEA) to Neutral from Buy with a price target of $84, down from $117. The firm believes tariffs and slower macroeconomic conditions will create challenges, especially for the Western car makers, many of which are important customers for Lear. More muted growth and reduced new product launches have recently hampered the company’s ability to outgrow the market, the analyst tells investors in a research note.
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