BMO Capital analyst Tamy Chen raised the firm’s price target on Magna (MGA) to $52 from $49 and keeps an Outperform rating on the shares after its Q3 earnings beat. Heading into 2026, the backdrop for Magna appears favorable on the back of multiple sources of upside to margins, rising free cash flow generation and most likely the resumption of share repurchases, the analyst tells investors in a research note.
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