Lear initiated with a Buy at Benchmark

Benchmark analyst Mickey Legg initiated coverage of Lear (LEA) with a Buy rating and $170 price target The firm views Lear as a “differentiated way to participate in rising vehicle content and interior premiumization,” adding that while shares already trades at a premium to traditional seating peers, the firm sees this as warranted given superior free cash flow generation, balance-sheet strength, and automation-driven margin trajectory.