Wells Fargo analyst Colin Langan raised the firm’s price target on Magna (MGA) to $51 from $45 and keeps an Equal Weight rating on the shares following quarterly results. The firm notes Magna as up +5% after Q3 EBIT beat and management raised guide. Outlook implies EBIT increase quarter-over-quarter driven by recoveries, Wells adds, noting that previous 2026 guidance given earlier this year is likely stale.
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