Lear Analysts Increase Their Forecasts After Upbeat Results

Core Insights - Lear Corporation reported strong earnings for Q3, with earnings per share of $2.79, surpassing the analyst consensus estimate of $2.73 [1] - The company achieved quarterly sales of $5.680 billion, exceeding the analyst consensus estimate of $5.600 billion [1] - Lear raised its FY2025 sales guidance to a range of $22.850 billion to $23.150 billion, up from the previous guidance of $22.470 billion to $23.070 billion [1] Financial Performance - The company experienced one of its highest third-quarter operating cash flows in history, indicating solid operational performance across both business segments [2] - Despite facing disruptions at key customers, Lear maintained strong operational performance [2] Stock Market Reaction - Following the earnings announcement, Lear's shares increased by 3.7%, trading at $108.55 [2] Analyst Ratings and Price Targets - Wells Fargo analyst Colin Langan maintained an Equal-Weight rating and raised the price target from $108 to $112 [4] - JP Morgan analyst Ryan Brinkman maintained an Overweight rating and increased the price target from $133 to $138 [4] - TD Cowen analyst Itay Michaeli maintained a Hold rating and raised the price target from $115 to $117 [4]