Jefferies Keeps Buy Rating on Lear Corp.

BenzingaStaffT , Benzinga Staff Writer

May 02, 2011 9:48am Comments

Jefferies & Company kept its Buy rating on Lear Corp. (LEA) Friday after the company reported earnings.

Jefferies states,"LEA upsided 1Q consensus by a resounding 28%. At 3.7x forward EBITDA, we feel the shares are simply too cheap to ignore. Reiterate Buy rating."

Shares of Lear Corp. (LEA) closed at $51.14 on Friday.

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Posted-In: Jefferies & Co Lear Corp.Analyst Color Analyst Ratings

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Jefferies Keeps Buy Rating on Lear Corp.

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