Market Overview

UPDATE: Barclays Upgrades Lear

Related LEA
Stocks Hitting 52-Week Highs
Deutsche Bank Sees Positive Takeaways From Eagle Ottawa Acquisition For Lear
A 'Cheap' Stock Pick for Your 401(k) (Fox Business)

Shares of Lear (NYSE: LEA) are trading up about 2.5 percent Monday following both an upgrade by Barclays from Equal-weight to Overweight and a $20 increase in the price target from $93 to $113.

Barclays analyst Brian Johnson attributed the upgrade to Lear's potential for growth in its electrical business, which Johnson noted now accounts for 40 percent of Lear's earnings.

For the second quarter, Johnson is above EBIT consensus by $9 million at $254 million. His optimism is driven by both revenue upside and "better-than-expected" margins.

Latest Ratings for LEA

DateFirmActionFromTo
Aug 2014Credit SuisseInitiates Coverage onOutperform
Jul 2014Deutsche BankDowngradesBuyHold
Jul 2014CitigroupMaintainsBuy

View More Analyst Ratings for LEA
View the Latest Analyst Ratings

Posted-In: Barclays Brian JohnsonAnalyst Color Upgrades Price Target Analyst Ratings

 

Related Articles (LEA)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters