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In a note dated August 13, Credit Suisse analyst, Daniel Gaives initiated coverage on Lear Corporation
LEA with an Outperform rating and a $114 price target.
Gaives outlook on Lear includes 40-80 bps of margin expansion in North America alone, with acceleration in China and operating leverage in Europe having the potential to be additive, "meaningful" upside potential in core operating profit, and a good position for further M&A activity.
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