Magna Int'l (MGA) Tops Q2 EPS by 1c, Beats on Revenues; Offers FY17 Revenues Outlook Above Consensus

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Go back to Magna Int'l (MGA) Tops Q2 EPS by 1c, Beats on Revenues; Offers FY17 Revenues Outlook Above Consensus

Magna Int'l (MGA) PT Raised to $61 at Deutsche Bank

August 14, 2017 7:22 AM EDT

Deutsche Bank raised its price target on Magna Int'l (NYSE: MGA) to $61.00 (from $59.00) while maintaining a Buy rating following the company's 2Q. Magna reported adjusted EPS of $1.49 vs Consensus of $1.47. Adjusted EBIT came in at $776 MM vs estimates of $735 MM, largely reflecting better... More