Magna price target lowered to $41 from $47 at BMO Capital

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.