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Fly News Breaks for June 27, 2019
MGA
Jun 27, 2019 | 08:41 EDT
As previously reported, Credit Suisse analyst Dan Levy initiated Magna a Neutral rating and $55 price target. The analyst sees "solid" free cash flow generation ahead, which can help to support EPS growth in the face of limited EBIT growth. But given his outlook for modest top-line growth and the lack of a clear catalyst, he remains on the sidelines.