The auto sector is jolted by gloomy updates out of Europe
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Market Reaction: Auto manufacturer and supplier stocks declined following negative guidance updates from European automakers, raising concerns in the sector.
Stellantis Update: Stellantis N.V. announced a reduction in its financial outlook, contributing to the overall market anxiety.
Analyst Views on LEA
Wall Street analysts forecast LEA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LEA is 125.86 USD with a low forecast of 112.00 USD and a high forecast of 146.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
2 Buy
6 Hold
0 Sell
Hold
Current: 121.730
Low
112.00
Averages
125.86
High
146.00
Current: 121.730
Low
112.00
Averages
125.86
High
146.00
About LEA
Lear Corporation is a global automotive technology company. The Company's segments include Seating and E-Systems. The Company's Seating segment consists of the design, development, engineering and manufacture of complete seat systems and key seat components. Its key seat component product offerings include seat trim covers; surface materials such as leather and fabric; seat mechanisms; seat foam; headrests; and thermal comfort systems such as seat heating, ventilation, active cooling, pneumatic lumbar and massage products. Its E-Systems segment consists of the design, development, engineering and manufacture of complete electrical distribution and connection systems; high-voltage power distribution products, including battery disconnect units (BDUs); and low-voltage power distribution products and electronic controllers. These capabilities enable it to provide its customers with customizable solutions with optimized designs for both low-voltage and high-voltage vehicle architectures.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
