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Fly News Breaks for April 16, 2019
MGA
Apr 16, 2019 | 06:34 EDT
Seaport Global analyst Michael Ward started Magna International with a Buy rating and $71 price target. Magna is among the best positioned auto suppliers globally to benefit from an improved operating environment in North America, Ward tells investors in a research note. Investment by the supply base "has never been more robust," which will lead to acceleration in innovative products, says the analyst.
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