Lear T1XX program reports ‘negative’ for Magna, says UBS
According to reports, Lear (LEA) has secured GM‘s (GM) T1XX program at Orion, with production starting in 2027, a result largely anticipated but not previously included in backlog, UBS tells investors in a research note. The win is neutral to slightly positive for Lear but negative for Magna (MGA), which previously operated the facility, the firm says. UBS has a Neutral rating and $135 price target on Lear shares.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LEA:
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.