Citi initiated coverage of Magna (MGA) with a Neutral rating and $49 price target The company should benefit as auto volume assumptions move up into 2026, but its integration costs and risks from acquisitions will limit the stock’s upside in the near-term, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGA:
- Magna price target raised to $52 from $45 at Barclays
- Magna price target raised to $49 from $46 at UBS
- Magna price target lowered to $45 from $46 at Wells Fargo
- Magna price target raised to $42 from $40 at Goldman Sachs
- Magna International’s Strategic Growth and OEM Expansion: Analyst Recommends Buy Rating