MarketBeat Analyst action
Magna International (NYSE:MGA) Downgraded by Wall Street Zen to "Buy"
Wall Street Zen downgraded Magna International (NYSE:MGA) from "strong buy" to "buy," while the broader analyst consensus remains "hold" with an average price target of $67.93. The company recently reported strong quarterly earnings, beating EPS and revenue estimates, and its stock is trading near its 12-month high. Institutional investors hold a significant 67.49% stake in Magna International.