- Lear Corp (NYSE:LEA) has joined Climate Group’s RE100, a global renewable electricity initiative that includes over 370 major companies.
- RE100 members commit to sourcing 100% of the electricity used across their global operations with electricity produced from renewable sources.
- Lear plans to achieve 100% renewable energy for electric power consumed at its global sites by 2030 by integrating its Energy Efficiency Playbook and renewable energy strategy across the company.
- The company’s operations in Germany, Poland, and the U.K. currently meet the goal.
- Price Action: LEA shares are trading higher by 1.93% at $158.12 on the last check Wednesday.
Cowen & Co. Maintains Outperform on FedEx, Lowers Price Target to $230
Cowen & Co. analyst Helane Becker maintains FedEx (NYSE:FDX) with a Outperform and lowers the price target from $310 to $230.