Scotiabank Maintains Sector Perform on Magna International, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Jonathan Goldman maintains a Sector Perform rating on Magna International (NYSE:MGA) but lowers the price target from $52 to $50.
August 06, 2024 | 4:45 pm
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Scotiabank analyst Jonathan Goldman maintains a Sector Perform rating on Magna International but lowers the price target from $52 to $50.
The lowered price target from $52 to $50 suggests a slightly more cautious outlook on Magna International's stock performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100