Wells Fargo Maintains Equal-Weight on Magna International, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan maintains an Equal-Weight rating on Magna International (NYSE:MGA) but lowers the price target from $49 to $46.
June 25, 2024 | 2:12 pm
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Wells Fargo analyst Colin Langan maintains an Equal-Weight rating on Magna International but lowers the price target from $49 to $46.
The lowered price target from $49 to $46 by Wells Fargo suggests a less optimistic outlook for Magna International, which could negatively impact the stock price in the short term.
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IMPORTANCE 70
RELEVANCE 100