Wells Fargo lowered the firm’s price target on Lear (LEA) to $108 from $113 and keeps an Equal Weight rating on the shares ahead of quarterly results. Discussing the group, the firm says it expects mostly good results among suppliers. Profit-taking could ensue, if guides don’t “crush” expectations. Wells is worried about D3 pricing/volume balance and high warranties in the quarter.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LEA: