Morgan Stanley Maintains Overweight on Magna International, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas maintains an Overweight rating on Magna International (NYSE:MGA) but lowers the price target from $60 to $55.
August 14, 2024 | 3:32 pm
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Morgan Stanley analyst Adam Jonas maintains an Overweight rating on Magna International but lowers the price target from $60 to $55.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100