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Fly News Breaks for January 18, 2018
MGA
Jan 18, 2018 | 08:35 EDT
BMO Capital analyst Peter Sklar raised his price target on Magna International to $61 and kept his Market Perform rating after the company's initial FY18 outlook. The analyst says that higher-than-expected equity income offsets below-consensus earnings view, while also attributing the EBIT margin decline of 20bps to investment in new vehicle technology and higher commodity/facility costs. On a positive note, Sklar also points to an annualized 5% guided increase in consolidated sales and an EBIT margin expansion of 60-70bps over a 2-year period.
News For MGA From the Last 2 Days
MGA
Apr 22, 2024 | 11:31 EDT
General Motors (GM) is scheduled to report quarterly results before market open on Tuesday, April 23, with a conference call scheduled for 8:30 am EST, while Ford (F) is scheduled to report after market close on Wednesday, April 24, with a conference call scheduled for 5:00 pm EST. What to watch... To see the rest of the story go to thefly.com. See Story Here
MGA
Apr 22, 2024 | 10:03 EDT
