Wells Fargo Maintains Equal-Weight on Magna International, Raises Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan has maintained an Equal-Weight rating on Magna International (NYSE:MGA) and raised the price target from $54 to $66.
August 07, 2023 | 11:13 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Wells Fargo has maintained an Equal-Weight rating on Magna International and raised the price target from $54 to $66.
The raised price target by Wells Fargo indicates a positive outlook for Magna International. This could potentially lead to an increase in the stock price in the short term as it signals the analyst's increased confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100