UPDATE: Deutsche Bank Upgrades Lear to Buy, Shares Up 2+%

In a report issued Wednesday, Deutsche Bank upgraded its rating of Lear Corporation

from Hold to Buy with a price target raise from $95 to $100. A team of Deutsche Bank analysts led by Rod Lache believes Lear's Electrical business should be able to sustain stronger-than-usual margins for a longer time than expected. The analyst raised his valuations for Lear's Structures business to have EPS of $0.84 and Lear South America to have EPS of $0.55 by the end of 2015 -- both of which are encouraging pieces of news. Lear has responded well to this upgrade Wednesday; the stock is up 2.4 percent to $86.82 at last check.