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Fly News Breaks for March 22, 2018
MGA
Mar 22, 2018 | 08:02 EDT
As previously reported, Morgan Stanley downgraded Magna to Underweight from Equal Weight as coverage of the stock was transferred to analyst Armintas Sinkevicius. While valuation is attractive, there appears to be no catalyst, said Sinkevicius, who doesn't see significant upside to the estimates or the multiple in the near term and views the company as vulnerable to macroeconomic risks. He maintains the firm's prior $52 price target on Magna shares.
News For MGA From the Last 2 Days
MGA
Apr 24, 2024 | 08:05 EDT
