BMO Capital Maintains Outperform Rating for Magna International: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has maintained its Outperform rating for Magna International (NYSE:MGA) and increased its price target from $65.00 to $67.00. Magna International's shares are currently trading at $60.92, up 0.04% over the last 24 hours. A move to $67.00 would represent a 9.97% increase from the current share price.
August 07, 2023 | 5:00 pm
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BMO Capital has maintained its Outperform rating for Magna International and raised its price target, indicating a positive outlook for the company.
The decision by BMO Capital to maintain its Outperform rating and raise the price target for Magna International indicates a positive outlook for the company's stock. This could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100