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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LEA: