Citi analyst Itay Michaeli reiterates a Buy rating on Magna International and raised his price target for the shares to $65 from $63 on higher 2019 estimates. The company's Q3 results were mixed, but the core of the Magna investment story appears intact, Michaeli tells investors in a research note. The analyst sees "solid" revenue growth-over-market, scope for margin expansion in the coming years, and "arguably underappreciated" assets within advanced driver assistance systems/autonomous vehicles. Michaeli views Magna's risk/reward as favorable at current share levels.

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