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Fly News Breaks for August 14, 2017
MGA
Aug 14, 2017 | 06:39 EDT
Deutsche Bank analyst Rod Lache calls Magna's Q2 results "pretty decent" despite the corresponding share weakness. The company's free cash flow generation "appears strong" and is underappreciated by investors, Lache tells investors in a post-earnings research note. He views the shares as "deeply undervalued" and upped his price target for Magna to $61 from $59. Lache keeps a Buy rating on the name.
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