Barclays Maintains Equal-Weight on Magna International, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Dan Levy maintains an Equal-Weight rating on Magna International (NYSE:MGA) but lowers the price target from $60 to $55.
July 16, 2024 | 3:53 pm
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Barclays analyst Dan Levy maintains an Equal-Weight rating on Magna International but lowers the price target from $60 to $55.
The lowered price target from $60 to $55 suggests a less optimistic outlook for Magna International, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100