Lear price target raised to $112 from $108 at Wells Fargo

Wells Fargo raised the firm’s price target on Lear (LEA) to $112 from $108 and keeps an Equal Weight rating on the shares following quarterly results. The firm notes Lear traded +1% after flat EBIT guide and a lower backlog. All-in, Wells raises EPS estimates as disruption impact is less than it feared.