RBC Capital Maintains Sector Perform on Magna International, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Tom Narayan maintains a Sector Perform rating on Magna International (NYSE:MGA) but lowers the price target from $57 to $47.
August 13, 2024 | 3:52 pm
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RBC Capital analyst Tom Narayan maintains a Sector Perform rating on Magna International but lowers the price target from $57 to $47.
The lowered price target from $57 to $47 by RBC Capital 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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IMPORTANCE 80
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