Jefferies Keeps Buy Rating on Lear Corp.

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.