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Fly News Breaks for November 6, 2015
MGA
Nov 6, 2015 | 05:58 EDT
JPMorgan analyst Ryan Brinkman upgraded Magna International to Overweight saying the selloff on the Q3 miss provides a buying opportunity. The 10% selloff "appears a significant overreaction," since the weaker than expected results were driven by temporal issues, Brinkman tells investors in a research note. He cut his price target for shares to $61 from $63.
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