JP Morgan Maintains Overweight on Magna International, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ryan Brinkman maintains an Overweight rating on Magna International (NYSE:MGA) but lowers the price target from $69 to $63.
July 22, 2024 | 2:42 pm
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NEUTRAL IMPACT
JP Morgan analyst Ryan Brinkman maintains an Overweight rating on Magna International but lowers the price target from $69 to $63.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100