Barclays Maintains Equal-Weight on Magna International, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Dan Levy has maintained an Equal-Weight rating on Magna International (NYSE:MGA) but has reduced the price target from $65 to $63.
January 24, 2024 | 9:12 pm
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Barclays has maintained an Equal-Weight rating on Magna International and lowered the price target from $65 to $63.
The reduction in price target by Barclays, a major financial institution, could lead to a negative perception among investors, potentially causing a short-term dip in Magna International's stock price.
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IMPORTANCE 75
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