CIBC Maintains Outperformer on Magna International, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Krista Friesen maintains an 'Outperformer' rating on Magna International (NYSE:MGA) and raises the price target from $73 to $75.
September 08, 2023 | 4:58 pm
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CIBC analyst maintains an 'Outperformer' rating on Magna International and raises the price target to $75. This could potentially lead to an increase in the stock's price.
The raised price target by CIBC analyst indicates a positive outlook for Magna International. This could potentially attract more investors, leading to an increase in demand for the stock and subsequently, a rise in its price.
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IMPORTANCE 80
RELEVANCE 100