Magna price target raised to $52 from $47 at Scotiabank

Scotiabank raised the firm’s price target on Magna (MGA) to $52 from $47 and keeps a Sector Perform rating on the shares. The firm notes tariffs and near-term supply chain issues seem manageable, but risk is still around 2026 as original equipment manufacturer price increases on MY26 could become a headwind on demand, the analyst tells investors.