Goldman Sachs Maintains Neutral on Magna International, Lowers Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney has maintained a Neutral rating on Magna International (NYSE:MGA) while lowering the price target from $44 to $41.

October 01, 2024 | 6:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Goldman Sachs has maintained a Neutral rating on Magna International and reduced the price target from $44 to $41, indicating a cautious outlook.
The lowering of the price target by Goldman Sachs suggests a less optimistic view on Magna International's short-term performance, which could lead to a negative impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target reflects potential challenges or lower expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100