B of A Securities Maintains Buy on Magna International, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst John Murphy maintains a Buy rating on Magna International (NYSE:MGA) but lowers the price target from $65 to $62.
July 22, 2024 | 5:12 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
B of A Securities analyst John Murphy maintains a Buy rating on Magna International but lowers the price target from $65 to $62.
The Buy rating suggests continued confidence in Magna International's performance, but the lowered price target indicates some caution about its short-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100