Lear price target raised to $120 from $110 at Evercore ISI

Evercore ISI raised the firm’s price target on Lear (LEA) to $120 from $110 and keeps an In Line rating on the shares. The firm, which adjusts its auto sector targets to 2027 methodologies, contends that the sector shows promise due to the “K-economy” and replacement demand. The firm sees 20%-plus upside for the auto sector in the next year, driven by a shift from “25 Fears” to “27 Outlooks,” the analyst added.