Magna downgraded to Sector Perform from Outperform at RBC Capital

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.