BofA analyst Federico Merendi raised the firm’s price target on Lear (LEA) to $135 from $115 and keeps a Buy rating on the shares as the firm is moving its valuation year to 2026 EBITDA from 2025 EBITDA. Entering earnings season for the autos group, industry data suggest that Q2 “shaped up much better than initial concerns,” says the analyst, who expects suppliers to report a “solid” Q2.
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