2024-04-22 04:42:15 ET
Summary
- I don't anticipate major surprises when Lear Corporation releases its Q1 2024 financial results at the end of April.
- The company's medium-term outlook is mixed, with both the potential for greater capital efficiency and risks relating to a lower-than-expected EV penetration rate for the future.
- I stick to a Hold rating for LEA, taking into consideration its short-term and intermediate-term prospects.
Elevator Pitch
Lear Corporation ( LEA ) is awarded a Hold investment rating. I previously assessed LEA's Q4 2023 financial performance and FY 2024 financial guidance with my February 7, 2024 update ....
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Lear: Still Neutral Considering Upcoming Q1 Results And Mid-Term Prospects