KeyBanc Upgrades Magna Int'l (MGA) to Buy

January 28, 2013 7:52 AM EST Send to a Friend
Get Alerts MGA Hot Sheet
Price: $105.14 -0.2%

Rating Summary:
    4 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 18 | New: 41
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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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