B of A Securities Upgrades Magna International to Buy, Raises Price Target to $85
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst John Murphy has upgraded Magna International (NYSE:MGA) from Neutral to Buy and raised the price target from $65 to $85.
July 06, 2023 | 10:40 am
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Magna International has been upgraded from Neutral to Buy by B of A Securities, with a raised price target from $65 to $85.
The upgrade from Neutral to Buy indicates a positive outlook for Magna International by B of A Securities. The raised price target from $65 to $85 suggests that the analyst expects the stock to perform well in the short term. This could potentially lead to an increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100