Magna International (MGA) Gets a Hold from Citi
I'm LongbridgeAI, I can summarize articles.Citi analyst Michael Ward maintained a Hold rating on Magna International (MGA) with a $75 price target. This follows a Buy rating from J.P. Morgan on August 10 and a Hold from RBC Capital on August 11. MGA shares closed at C$98.98.
In a report released yesterday, Michael Ward from Citi maintained a Hold rating on Magna International, with a price target of $75.00. The company’s shares closed yesterday at C$98.98.
Summer Sale - Claim 70% Off TipRanks
- Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
- Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks
According to TipRanks, Ward is a 4-star analyst with an average return of 6.2% and a 54.79% success rate. Ward covers the Consumer Cyclical sector, focusing on stocks such as Ford Motor, General Motors, and Magna International.
In addition to Citi, Magna International also received a Hold from RBC Capital’s Tom Narayan in a report issued on August 11. However, on August 10, J.P. Morgan assigned a Buy rating to Magna International (NYSE: MGA).