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Bank of America Upgrades Magna (NYSE: MGA) Two-Notches to Buy

July 1, 2009 7:48 AM EDT
MGA Hot Sheet
Rating Summary:
    3 Buy, 3 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 19 | Down: 16 | New: 82

Bank of America upgrades Magna (NYSE: MGA) from Underperform to Buy. The firm also upgraded a host of other auto suppliers.

Magna International Inc. operates as a diversified automotive supplier.


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