JPMorgan raised the firm’s price target on Magna (MGA) to $57 from $53 and keeps an Overweight rating on the shares. The firm upped estimates citing the company’s stronger than expected Q3 results. Magna raised the midpoint of its full-year guidance across all metrics, the analyst tells investors in a research note.
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Read More on MGA:
- Magna price target raised to $51 from $45 at Wells Fargo
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