Lear Analysts Increase Their Forecasts After Upbeat Results - Lear (NYSE:LEA)

Core Viewpoint - Lear Corporation reported strong earnings for Q3, exceeding analyst expectations in both earnings per share and sales figures [1][2] Financial Performance - Quarterly earnings were $2.79 per share, surpassing the consensus estimate of $2.73 per share [1] - Quarterly sales reached $5.680 billion, exceeding the analyst consensus estimate of $5.600 billion [1] Guidance Update - Lear raised its FY2025 sales guidance from a range of $22.470 billion-$23.070 billion to a new range of $22.850 billion-$23.150 billion [1] 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]