LEA - Lear and Visteon called auto supplier standouts by Guggenheim

Guggenheim turns positive on Lear (LEA) and Visteon (VC) with both suppliers being raised to a Buy rating from Neutral on the growth potential for 2021. "While we have seen a cyclical rotation in the last month, we believe the stocks have more room to run into 2021, with global light vehicle production and earnings forecasts likely to enter a multiyear upward revision cycle," notes the firm. Guggenheim assigns a price target of $153 on Lear vs. the average Wall Street PT of $137.44. Visten is tagged with a price target of $99 vs. the average Wall Street PT of $80.64. See how the Seeking Alpha Quant Ratings compare in the auto parts sector.

For further details see:

Lear and Visteon called auto supplier standouts by Guggenheim