CIBC Maintains Neutral on Magna International, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Krista Friesen maintains a Neutral rating on Magna International (NYSE:MGA) and lowers the price target from $54 to $50.
July 25, 2024 | 3:40 pm
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CIBC analyst Krista Friesen maintains a Neutral rating on Magna International and lowers the price target from $54 to $50.
The lowered price target from $54 to $50 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