JP Morgan Maintains Overweight on Magna International, Raises Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ryan Brinkman maintains an Overweight rating on Magna International (NYSE:MGA) and raises the price target from $63 to $67.
July 20, 2023 | 2:28 pm
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POSITIVE IMPACT
JP Morgan maintains an Overweight rating on Magna International and raises the price target from $63 to $67, indicating a positive outlook for the company.
The raised price target by JP Morgan indicates a positive outlook for Magna International. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100