Citigroup Maintains Neutral on Magna International, Raises Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli has maintained a Neutral rating on Magna International (NYSE:MGA) and raised the price target from $59 to $61.
August 16, 2023 | 3:27 pm
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Magna International and raised the price target from $59 to $61.
The news is directly about Magna International. The Neutral rating suggests that Citigroup does not expect significant price movement in the short term. However, the increase in price target could suggest a slightly positive outlook, but not enough to change the overall rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100