RBC Capital raised the firm’s price target on Magna (MGA) to $48 from $47 and keeps a Sector Perform rating on the shares. The company outperformed in Q3 due to operational excellence initiatives, while the management’s FY25 guidance implies a large upswing in Q4 margins driven by commercial and tariff recoveries, the analyst tells investors in a research note. Future growth looks promising with Chinese OEM wins and operational efficiencies, but potential Q4 risks remain due to production disruptions from supply chain issues, the firm added.
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