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Stock Market & Financial Investment News

News Breaks
January 10, 2013
05:55 EDTLEA, LEALear management to meet with Buckingham
Meeting to be held in Detroit on January 16 hosted by Buckingham.
News For LEA From The Last 14 Days
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July 27, 2015
10:00 EDTLEAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADT Corp. (ADT) upgraded to Buy from Neutral at Citi... AGCO (AGCO) upgraded to Neutral from Sell at Goldman... Anthem (ANTM) upgraded to Buy from Neutral at Sterne Agee CRT... BNP Paribas (BNPQY) upgraded to Buy from Neutral at Goldman... Biogen (BIIB) upgraded on valuation at Bernstein... Box (BOX) upgraded to Overweight from Sector Weight at Pacific Crest... Capital One (COF) upgraded to Buy from Outperform at CLSA... Centene (CNC) upgraded to Buy from Neutral at UBS... Chesapeake (CHK) upgraded on potential sale of assets or company at SunTrust... Cigna (CI) upgraded to Buy from Neutral at Sterne Agee CRT... Deere (DE) upgraded to Neutral from Sell at Goldman... First BanCorp (FBP) upgraded to Buy from Neutral at Guggenheim... Flotek (FTK) upgraded on stronger demand at Oppenheimer... Lear (LEA) upgraded to Buy from Hold at Deutsche Bank... Methanex (MEOH) upgraded to Outperform from Sector Perform at Scotia Howard Weil... News Corp. (NWSA) upgraded to Outperform from Neutral at Macquarie... NextEra Energy Partners (NEP) upgraded to Outperform at Wells Fargo... OFG Bancorp (OFG) upgraded to Buy from Neutral at Guggenheim... PennyMac Mortgage (PMT) upgraded to Buy from Neutral at Compass Point... Pool Corp. (POOL) upgraded to Outperform from Market Perform at William Blair... Popular (BPOP) upgraded to Buy from Neutral at Guggenheim... Qualcomm (QCOM) upgraded to Overweight from Equal Weight at Morgan Stanley... Quality Systems (QSII) upgraded on valuation at RBC Capital... VF Corp. (VFC) upgraded to Buy from Neutral at Goldman... Ventas (VTR) upgraded on valuation, positive catalysts at BMO Capital... Weatherford (WFT) upgraded to Equal Weight from Underweight at Barclays... SS&C (SSNC) upgraded to Buy from Hold at Sandler O'Neill... Chemung Financial (CHMG) upgraded to Buy from Hold at Sandler O'Neill... Cameron (CAM) upgraded to Buy from Accumulate at Global Hunter.
07:44 EDTLEALear upgraded to Buy from Hold at Deutsche Bank
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July 24, 2015
07:04 EDTLEALear raises 2015 core operating earnings outlook to $1.225B-$1.275B
Previous range $1.175B-$1.225B. Lear reaffirms its 2015 sales outlook of $18.0B-$18.5B. Consensus is $18.4B. Outlook is based on industry vehicle production assumptions of 17.5M units in North America, up 1% from the prior outlook, 21.1M units in Europe and Africa, up 2% from the prior outlook and 22.5M units in China, down 2% from the prior outlook.
07:02 EDTLEALear reports Q2 adjusted EPS $2.82, consensus $2.48
Reports Q2 revenue $4.64B, consensus $4.69B. Production increased by 2% in both China and North America and by 1% in Europe and Africa. Excluding Russia, where production was down 33%, Europe and Africa production was up 5%. Production decreased by 17% in South America.
July 23, 2015
15:05 EDTLEANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include AbbVie (ABBV), consensus $1.06... Biogen (BIIB), consensus $4.10... Simon Property Group (SPG), consensus $2.36... State Street (STT), consensus $1.37... V.F. Corp. (VFC), consensus 36c... Johnson Controls (JCI), consensus 91c... American Airlines (AAL), consensus $2.60... Rockwell Collins (COL), consensus $1.30... Cabot Oil & Gas (COG), consensus 4c... Lear (LEA), consensus $2.48... Encana (ECA), consensus (15c).
July 16, 2015
13:52 EDTLEAGM slips after Barclays downgrades auto sector on China downturnbw
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10:00 EDTLEAOn The Fly: Analyst Downgrade Summary
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07:38 EDTLEALear downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded the U.S. Autos and Auto Parts sector to Negative from Neutral and cut its rating on Lear (LEA) to Equal Weight from Overweight. The firm sees further sector underperformance as China car sales continue to disappoint and Chinese production goes negative against a peak in the U.S. auto industry and a slow recovery in Europe. The firm sees limited upside for Lear given macro weakness and flat-to-negative earnings revisions and lowered its price target to $107 from $124.

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