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BMO Capital Keeps Their Buy Rating on Magna International (MGA)


BMO Capital analyst Peter Sklar reiterated a Buy rating on Magna International (MGA) yesterday and set a price target of $74. The company’s shares closed yesterday at $51.92.

Sklar has an average return of 42.2% when recommending Magna International.

According to TipRanks.com, Sklar is ranked #1219 out of 4912 analysts.

Currently, the analyst consensus on Magna International is a Moderate Buy with an average price target of $62.60, a 20.6% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock.

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The company has a one-year high of $67.47 and a one-year low of $45.73. Currently, Magna International has an average volume of 1.55M.

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Magna International, Inc. designs, develops and manufactures automotive systems, assemblies, modules and components. It assembles complete vehicle, primarily for sale to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America and Africa.