Magna price target raised to $45 from $40 at Barclays

Barclays analyst Dan Levy raised the firm’s price target on Magna (MGA) to $45 from $40 and keeps an Equal Weight rating on the shares. The firm previewed the Q2 reports for autos and mobility group, saying the results are likely to be solid. Barclays prefers suppliers over the automakers due to uncertainty in the second half of 2025.