TD Cowen lifts Lear Corp to 'buy' on growth momentum

Lear

26/05/2026 11:14

** TD Cowen upgrades rating on auto parts supplier Lear Corp LEA.N to "buy" from "hold", raises price target to $165 from $138

** New PT implies an upside of 18% from the stock's last close

** Brokerage says co is well positioned to benefit from higher North America auto production that could support an improvement in its valuation

     ** Adds faster-than-expected improvement in customer mix, stronger bookings, and better margins are driving upside potential

** Seven of 18 brokerages rate the stock "buy" or higher, 11 "hold"; their median PT is $143 - data compiled by LSEG

** As of last close, stock had risen 22% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))