RBC Capital analyst Tom Narayan downgraded Magna (MGA) to Sector Perform from Outperform with a price target of $32, down from $51. The firm expects the company’s 2025 guidance and its “perma-tariff scenario” could result in an $18 per share value, or 50% lower from current levels. This highlights further downside to the stock, the analyst tells investors in a research note. RBC downgraded Magna as it now sees a lower probability of a sale of the Seating business given the macro uncertainty.
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Read More on MGA:
- Magna price target lowered to $34 from $41 at UBS
- Magna price target lowered to $31 from $38 at Goldman Sachs
- Magna prepares for Trump tariffs, reflects on areas of growth, Reuters reports
- Magna International Releases 2024 Annual Report and Announces Virtual Shareholder Meeting
- Magna International Schedules Virtual Shareholder Meeting and Releases 2024 Annual Report
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