Scotiabank Maintains Sector Perform on Magna International, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Jonathan Goldman maintains a Sector Perform rating on Magna International (NYSE:MGA) and lowers the price target from $62 to $59.
February 12, 2024 | 5:00 pm
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Scotiabank maintains a Sector Perform rating on Magna International and lowers the price target from $62 to $59.
The reduction in price target by Scotiabank suggests a less optimistic outlook on Magna International's stock, potentially leading to a short-term negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100