David Leiker

Automobile seat maker Adient PLC (NYSE: ADNT)'s announcement Monday of a management shuffle and guidance cut makes it clear that prior expectations for a "quick fix of operational issues" have become a "multiyear turnaround story with greater risk," according to Baird. The...

The shift toward self-driving cars is expected to make numerous services unecessary and put a substantial number of people out of work. But Autoliv Inc. (NYSE: ALV)’s an exception, according to one market analyst. The Rating Baird Equity Research's David Leiker upgraded Autoliv to...

Snap-on Incorporated (NYSE: SNA) remains Baird’s top pick, with analyst David Leiker reiterating an Outperform rating and $197 price target. Leiker expects shareholder returns to approach 20-percent annual through 2020. The analyst’s view was reaffirmed by a recent shift in investor...

Analysts at Baird upgraded shares of the automotive parts supplier Lear Corporation (NYSE: LEA) after the stock's underperformance over the last two to three months versus the S&P 500 index. Baird's David Leiker upgraded Lear from Neutral to Outperform with a price target raised from $160 to $...

Mobileye NV (NYSE: MBLY) and Volkswagen AG (ADR) (OTC: VLKAY) have agreed to develop super navigation data for self-driving vehicles. The partnership widens Mobileye’s market leadership, Baird’s David Leiker said in a report. He reiterated an Outperform rating on the company, with a...

Baird Equity Research advised investors of Methode Electronics Inc. (NYSE: MEI) to buy the stock on pull backs citing that the growth pace would accelerate. The comments come on the heels of the company reporting its earnings beat while reaffirming its EPS forecast for the fiscal year 2017....

Baird analysts remain buyers of auto stocks as the brokerage believes valuations discount a cyclical decline in demand whereas evidence points to stability (United States) or additional growth (Europe/China) around the world. The August auto sales finished at 17.0-million-unit SAAR, slightly below...

Methode Electronics Inc. (NYSE: MEI) is scheduled to report its FQ1 results on September 1. While Automotive revenue would likely rise, revenue from non-auto businesses could record a decline, Baird’s David Leiker said in a report. He maintained an Outperform rating on the company, with a...

The race to create the world’s first fully autonomous vehicle is still in its infancy, with Ford Motor Company (NYSE: F), General Motors Company (NYSE: GM), Tesla Motors Inc (NASDAQ: TSLA) and even Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) in on the competition. There seems to be little...

On Tuesday, Delphi Automotive PLC (NYSE: DLPH) and Mobileye NV (NYSE: MBLY) jointly announced that they had entered into a partnership to develop Level 4/5, full autonomous driving, for demonstration at CES 2017 and ready for production in 2019. Baird’s David Leiker maintains an Outperform...

Amid the Brexit-induced volatility, Baird is buy-rated on various auto stocks including the following names: WABCO Holdings Inc. (NYSE: WBC) Delphi Automotive PLC (NYSE: DLPH) BorgWarner Inc. (NYSE: BWA) Johnson Controls Inc (NYSE: JCI) Snap-on Incorporated (NYSE: SNA) Visteon Corp (NYSE: VC)...

David Leiker, Baird's auto sector analyst, commented in a note on Wednesday that auto stocks are moving through the fifth in-cycle correction in 30-plus years. He added that if history is any indication, there may be another 10 percent downside, as past corrections typically saw a 27 percent...