Magna price target raised to $47 from $40 at Evercore ISI

Evercore ISI raised the firm’s price target on Magna (MGA) to $47 from $40 and keeps an In Line rating on the shares. The firm notes that Q3 global production tracking +2.5%-3% year-over-year for weighted +2%-2.5% or +3-4pts better than Suppliers’ previous July outlooks. FY25 global production is now also tracking +1%-2% year-over-year vs 0% when most suppliers last guided on Q2 calls.

Elevate Your Investing Strategy:

Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on MGA:

Disclaimer & DisclosureReport an Issue

Magna price target raised to $47 from $45 at RBC Capital Magna initiated with a Neutral at Citi Magna price target raised to $52 from $45 at Barclays Magna price target raised to $49 from $46 at UBS Magna price target lowered to $45 from $46 at Wells Fargo

View Comments