Barclays Maintains Equal-Weight on Magna International, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Dan Levy has maintained an Equal-Weight rating on Magna International (MGA) and reduced the price target from $62 to $60.

May 06, 2024 | 3:52 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Barclays maintains an Equal-Weight rating on Magna International and lowers the price target from $62 to $60.
The reduction in price target by Barclays, a significant financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in MGA's stock price. The maintenance of an Equal-Weight rating indicates that the analyst sees the stock as fairly valued at its current price, but the lowered target suggests a recalibration of future expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100