Magna Int'l (MGA) PT Raised at BMO Capital on 'Catalyst Rich Setup Heading Into 2026'

BMO Capital analyst Étienne Ricard raised the price target on Magna Int'l (NYSE: MGA) to $52.00 (from $49.00) while maintaining an Outperform rating.

The analyst commented: "Catalyst Rich Setup Heading Into 2026; Heading into 2026, the backdrop for Magna appears favorable on the back of multiple sources of upside to margins, rising free cash flow generation and most likely the resumption of share repurchases. Layering in a margin of safety valuation-wise, the risk-reward continues to be skewed to the upside. MGA remains one of our preferred investment ideas."

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