BMO Capital lowered the firm’s price target on Magna (MGA) to $41 from $47 and keeps an Outperform rating on the shares. Auto parts valuations are around historical lows, even though there is still downside if volumes going forward are negatively affected because of tariffs, which is possible, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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 $45 from $44 at TD Securities
- Magna International Reports Q1 2025 Financial Results
- Magna International’s Earnings Call: Mixed Sentiments and Strategic Moves
- Morning Movers: Amazon advances, Apple falls following quarterly results
- Magna International Reports First Quarter 2025 Financial Results
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue