RBC Capital Maintains Sector Perform on Magna International, Raises Price Target to $57
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Tom Narayan maintains a Sector Perform rating on Magna International (NYSE:MGA) and raises the price target from $54 to $57.

August 08, 2023 | 2:38 pm
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NEUTRAL IMPACT
RBC Capital maintains a Sector Perform rating on Magna International and raises the price target from $54 to $57.
The news is directly related to Magna International. The maintained Sector Perform rating indicates that the analyst believes the company's stock will perform approximately in line with the sector in the near future. The increase in price target from $54 to $57 suggests a positive outlook, but it's not a strong buy or sell signal, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100