Written by: Alexandra Zendrian06/04/12 - 5:43 AM EDT
Tickers in this article:
WRI PX LEA
"In our view, LEA remains a fundamentally undervalued name, with a strong new business backlog, about $300 in expected FCF per year through 2014, and continued share buyback activity," Credit Suisse analysts wrote in a May 4 report. "And while consensus estimates for LEA (like GM itself) probably have to come down for 2Q12, current valuation offers more than enough protection, with the stock trading at 3.5x 2012 EV/EBITDA vs the group at 5.7x. We maintain our Outperform rating."