Swap Lear For Adient: Morgan Stanley
February 21, 2017 at 14:28 PM EST
Morgan Stanley’s Adam Jonas downgraded Lear Corporation ( LEA )to Equal Weight Tuesday, while upgrading Adient ( ADNT ) to Overweight. As for Lear, Jonas and his team boosted their price target from $132 to $149, on the back of a strong fourth quarter , but argue that there’s limited upside to their target, with little hope for earnings growth.
