Citi raised the firm’s price target on Magna to $60 from $58 and keeps a Neutral rating on the shares. The analyst updated the company’s model for the recent results.
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Read More on MGA:
- Auto Tech Stocks: Keep Rolling On
- Magna price target raised to $65 from $63 at Barclays
- Magna narrows FY23 revenue view to $42.1B-$43.1B from $41.9B-$43.5B
- Magna reports Q3 adjusted EPS $1.46 vs. $1.10 last year
- Magna Announces Third Quarter 2023 Results
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