Morgan Stanley Sticks to Its Buy Rating for Lear Corp (LEA)

In a report released today, Armintas Sinkevicius from Morgan Stanley maintained a Buy rating on Lear Corp (LEAResearch Report), with a price target of $181. The company’s shares opened today at $157.50.

According to TipRanks.com, Sinkevicius is a 2-star analyst with an average return of 0.9% and a 54.7% success rate. Sinkevicius covers the Industrial Goods sector, focusing on stocks such as Magna International, American Axle, and Visteon Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lear Corp with a $178.10 average price target, which is a 13.1% upside from current levels. In a report issued on April 10, Longbow Research also maintained a Buy rating on the stock with a $190 price target.

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The company has a one-year high of $206.36 and a one-year low of $114.45. Currently, Lear Corp has an average volume of 716.1K.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock.

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Lear Corp. engages in the design, manufacture, and supply of automotive seat, electrical distribution systems, and electronic modules, as well as related sub-systems, components, and software. It operates through the Seating and E-Systems segments.

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