Magna price target lowered to $49 from $60 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Magna (MGA) to $49 from $60 and keeps a Sell rating on the shares. Magna exceeded expectations in its Q4 report and 2026 outlook, supported by efficiency gains, pricing recoveries, stronger-than-expected sales, and a planned buyback of 22M shares, the analyst tells investors in a research note. Ongoing challenges such as a muted auto production environment, European exposure, and headwinds in Seating and Complete Vehicles could limit the sustainability of growth, the firm says.