JP Morgan Maintains Overweight on Magna International, Lowers Price Target to $55
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 $63 to $55.
August 06, 2024 | 4:22 pm
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JP Morgan analyst Ryan Brinkman maintains an Overweight rating on Magna International (NYSE:MGA) but lowers the price target from $63 to $55.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some concerns or adjustments in expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100