Robert W. Baird Keeps Their Buy Rating on Lear Corp

By Austin Angelo

In a report released today, David Leiker from Robert W. Baird reiterated a Buy rating on Lear Corp (NYSE: LEA), with a price target of $243. The company’s shares opened today at $171.96.

According to TipRanks.com, Leiker is a 5-star analyst with an average return of 11.9% and a 64.4% success rate. Leiker covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, WABCO Holdings, and BorgWarner.

Currently, the analyst consensus on Lear Corp is a Moderate Buy with an average price target of $219.29, which is a 27.5% upside from current levels. In a report released today, Longbow Research also assigned a Buy rating to the stock with a $225 price target.

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The company has a one-year high of $206.36 and a one-year low of $140.45. Currently, Lear Corp has an average volume of 693K.

Based on the recent corporate insider activity of 58 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.