Magna price target raised to $45 from $44 at TD Securities

TD Securities raised the firm’s price target on Magna (MGA) to $45 from $44 and keeps a Buy rating on the shares following the Q1 report. While economic uncertainty concerns remain, the company is nearing a bottoming of financial revisions aided by operational efficiencies and improving tariff visibility, the analyst tells investors in a research note. The firm says Magna achieving the low-end of its guidance would imply a “compelling valuation and improve sentiment toward an underowned sector.”