UPDATE: J.P. Morgan Lowers Target Price on Lear to $67

According to J.P. Morgan, Lear

target price is lowered to $67. J.P. Morgan said that, while it senses the NA Seating launch pressures will persist to a decent degree into Q4, it does not think this is the start of a structural slide in seating margins. “On balance, we feel LEA offers good downside support; maintain Neutral with positive bias.” Lear closed on Friday at $47.60.