Wells Fargo Maintains Equal-Weight on Magna International, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan maintains an Equal-Weight rating on Magna International (NYSE:MGA) and raises the price target from $43 to $44.
September 20, 2024 | 2:53 pm
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Wells Fargo has maintained its Equal-Weight rating on Magna International and slightly increased the price target from $43 to $44, indicating a modestly positive outlook.
The increase in price target from $43 to $44 by Wells Fargo suggests a slightly improved outlook for Magna International. The Equal-Weight rating indicates a neutral stance, but the raised target price could lead to a modest positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100