KeyBanc Upgrades Magna Int'l (MGA) to Buy

KeyBanc upgraded Magna Int'l (NYSE: MGA) from Hold to Buy with a price target of $61.00.

The firm comments, "Based on our proprietary analysis of European light vehicle sales, we are incrementally more bullish on the outlook for automotive supplier stocks over the next few quarters."

For an analyst ratings summary and ratings history on Magna Int'l click here. For more ratings news on Magna Int'l click here.

Shares of Magna Int'l closed at $53.12 yesterday.

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