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Fly News Breaks for May 12, 2017
MGA
May 12, 2017 | 07:45 EDT
TD Securities analyst Brian Morrison upgraded Magna to Buy from Hold and raised its price target to $55 from $51 citing strong Q1 results, increased outlook, and positioning. Morrison believes Magna is well positioned to achieve growth above the industry and should be aided by its global and operational capabilities, investments in Getrag, and the ramp within its complete vehicle assembly unit.
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