Goldman Sachs Maintains Neutral on Magna International, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney maintains a Neutral rating on Magna International (NYSE:MGA) and lowers the price target from $56 to $48.

May 06, 2024 | 3:21 pm
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Goldman Sachs maintains a Neutral rating on Magna International and reduces the price target from $56 to $48.
The reduction in price target by Goldman Sachs suggests a bearish outlook on Magna International's short-term price potential, likely due to anticipated challenges or underperformance relative to the market. This adjustment could lead to a negative perception among investors, potentially impacting the stock's price negatively in the short term.
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IMPORTANCE 75
RELEVANCE 100