Wells Fargo analyst Colin Langan raised the firm’s price target on Magna (MGA) to $69 from $58 and keeps an Equal Weight rating on the shares after a Q4 EBIT beat and adjusted EBIT guidance that came in about 8% above consensus. Magna promised to complete 22M in buybacks this year, notes the analyst, who raised the firm’s FY26 EPS estimate to $6.65 from $5.90 to reflect the bigger buybacks and stronger cost performance.
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