Magna International Inc. MGA 2.97%
Breaking News: Analyst Upgrade Sends Stock Higher
BMO Capital Markets just upgraded Magna International from Market Perform to Outperform. This also includes a change in price target from $64 a share to $75 a share.
Peter Sklar is saying that new technology could help raise the price over the next few months. Magna designs and manufactures automotive systems. They also have recently signed a deal with LYFT which also has shown to have a great impact on the stock. The announcement today of the BMO Capital Upgrade has lifted stock price by over 3% to $65.19 as of high trading on Monday.
Magna is run by CEO Don Walker who has been with the Company since 1987.
Home News Business News Magna International Is Growing and Looks Great For The Future: BMO Analyst...