2024-07-03 07:34:15 ET
Summary
- I think that Lear's potential capital allocation initiatives like accretive M&A deals and an increase in capital return can enhance shareholder value.
- My view is that the chances of LEA delivering a results beat for Q2 2024 are low.
- My Hold rating for Lear stays unchanged, taking into account the company's approach towards allocating capital and the company's second quarter results preview.
Elevator Pitch
I have a Hold rating for Lear Corporation ( LEA ).
With my prior April 22, 2024 write-up , I looked at Lear's short-term and intermediate term outlook. My latest update analyzes LEA's capital allocation strategy and previews the company's Q2 2024 results....
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For further details see:
Lear: Watch Capital Allocation Moves And Q2 Performance Closely