Lear price target raised to $88 from $84 at Goldman Sachs

Goldman Sachs analyst Mark Delaney raised the firm’s price target on Lear (LEA) to $88 from $84 and keeps a Neutral rating on the shares after its Q1 earnings beat. The report was mixed to incrementally positive, with strong progress this quarter on margins but measured traction with new awards/conquest opportunities, the analyst tells investors in a research note. Progress with company-specific efforts to improve margins and growth over market were also offset by the risk from lower industry production stemming, in particular, from tariff costs, the firm adds.