Analysts Are Downgrading These 5 Stocks

3. Lear Corporation (NYSE:LEA)

Number of Hedge Fund Holders: 34    

Lear Corporation (NYSE:LEA) is a Michigan-based firm that develops and sells automotive seating and electrical systems used by car firms. It is ranked third on our list of 10 stocks that analysts are downgrading.

On September 16, investment advisory Bank of America downgraded Lear Corporation (NYSE:LEA) stock to Underperform from Neutral and decreased the price target to $160 from $200, noting that the valuation of the firm was “less compelling than other suppliers”. 

At the end of the second quarter of 2021, 34 hedge funds in the database of Insider Monkey held stakes worth $1.24 billion in Lear Corporation (NYSE:LEA), up from 28 in the previous quarter worth $1.21 billion.