Barclays Maintains Equal-Weight on Magna International, Lowers Price Target to $50
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 $55 to $50.
August 06, 2024 | 1:38 pm
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Barclays analyst Dan Levy maintains an Equal-Weight rating on Magna International but lowers the price target from $55 to $50.
The lowered price target from $55 to $50 by Barclays suggests a less optimistic outlook for Magna International, which could negatively impact investor sentiment and the stock price in the short term.
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