Scotiabank lowered the firm’s price target on Magna (MGA) to $45 from $49 and keeps a Sector Perform rating on the shares. While macro risks are keeping the firm on the sidelines for the sector, Scotiabank is comfortable with the management’s ability to navigate the current environment.
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Read More on MGA:
- Magna price target lowered to $51 from $52 at RBC Capital
- Magna price target lowered to $50 from $53 at Raymond James
- Magna International: Strategic Positioning and Growth Potential Justify Buy Rating
- Magna price target lowered to $41 from $44 at UBS
- Magna price target lowered to $47 from $50 at Barclays