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Fly News Breaks for August 28, 2017
MGA
Aug 28, 2017 | 06:58 EDT
Morgan Stanley Adam Jonas downgraded Magna to Equal Weight and lowered its price target to $47 from $56 saying his estimates are 10%+ below consensus on cyclical pressures and lowered his long-term growth and margin outlook on concerns shares capture most of the Auto 2.0 value than previously expected.