01:45 PM EDT, 05/06/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target to $110 from $120, based on a 2025 P/E of 10.2x, a justified discount to the stock's 10-year mean forward P/E of 12.6x. We lower our adjusted EPS estimates to $10.75 from $13.10 for '25 and to $13.20 from $15.00 for '26. LEA posts Q1 adjusted EPS of $3.12 vs. $3.18 (-2%), well ahead of the $2.70 consensus. The beat was driven by the top line, as net revenue fell 7% to $5.56B ($50M above consensus) but gross margin contracted 20 bps to 6.5% (120 bps short of consensus). LEA withdrew prior full year net sales and adjusted EBITDA guidance, citing uncertainty related to tariffs. We continue to like Lear due to its long history of share repurchases. Since initiating its share repurchase program in early 2011, the company has repurchased 59.3 million shares of stock for a total of $5.6 billion (an average price of $94.55/share). In our view, tariff-related headwinds are discounted at current levels and the stock has been a significant underperformer since the end of 2023.