Beyond the Tech Giants: 35 Non-Tech AI Opportunities

17. Lear Corporation (NYSE:LEA)

Number of Hedge Fund Holders: 40

Lear Corporation (NYSE:LEA) designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. The company has been slowly expanding AI capabilities, primarily in the realm of manufacturing automation. Earlier this year, it announced the acquisition of WIP Industrial Automation, a company specializing in advanced robotics and AI-based solutions, particularly for computer vision and automation in industrial settings. This move is part of a broader strategy to enhance the efficiency, safety, and quality of production processes by integrating AI technologies.

Lear Corporation (NYSE:LEA) is viewed with caution on Wall Street. Deutsche Bank analyst Edison Yu recently resumed coverage of the stock with a Hold rating and $132 price target. The advisory noted that macro headwinds such as weaker global light vehicle production and lower penetration of electric vehicles were likely to keep a lid on the company’s growth in the near-term. Longer term, the timeline to achieving Lear’s 8% margin targets for both E-systems and Seating segments remains unclear, the advisory detailed in a research note