Magna price target lowered to $41 from $44 at UBS

UBS analyst Joseph Spak lowered the firm’s price target on Magna (MGA) to $41 from $44 and keeps a Neutral rating on the shares. Management did an admirable job navigating a difficult 2024 environment, but the firm has a hard time getting comfortable with management’s 2025, and especially their 2026, guidance, the analyst tells investors in a research note. UBS looks for evidence of traction on self-help initiatives to drive margins higher in the face of muted volume before getting more constructive.