Lear price target lowered to $115 from $120 at Barclays

Barclays lowered the firm’s price target on Lear (LEA) to $115 from $120 and keeps an Equal Weight rating on the shares as part of a Q4 earnings preview for the autos and mobility space. The firm continues to favoring car makers over suppliers, but says suppliers are likely to face an easier setup amid “still very weak sentiment.” After a volatile 2024, the setup for U.S. autos in 2025 is “further volatility, with a continued air of uncertainty,” the analyst tells investors in a research note. Barclays believes many of the challenges which pressured autos in 2024 will remain in 2025, including the ongoing global rise of the China electric vehicle complex, customer mix pressures for suppliers, and questions on non-China EV uptake.