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Lear Corp.'s stock drops 8% post earnings, despite beating estimates; analysts maintain a "Hold" rating.
Lear Corporation's stock fell 8% despite beating earnings estimates, with EPS at $2.94 versus forecasts of $2.50.
Analysts have given mixed reviews, with an overall "Hold" rating and a price target of $123.36.
The company, which makes automotive seating and electrical systems, has a market cap of $4.71 billion.
Despite the price drop, institutional investors increased their holdings in the company.
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Las acciones de Lear Corp. disminuyen un 8% después de las ganancias, a pesar de haber superado las estimaciones; los analistas mantienen una calificación de "retención".