Barclays analyst Dan Levy lowered the firm’s price target on Magna (MGA) to $47 from $50 and keeps an Equal Weight rating on the shares. The company’s Q4 beat was overshadowed by “soft” 2025 guidance, the analyst tells investors in a research note. The firm views Magna’s 2026 guide as a “show-me story.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGA:
- Magna International’s Earnings Call: Balancing Optimism and Caution
- Magna International Reports Steady Q4 2024 Results
- Morning Movers: Moderna dips after Q4 results
- Canada’s Magna International (MGA) Cuts Guidance Citing Tariff Impacts
- Options Volatility and Implied Earnings Moves Today, February 14, 2025