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MGA

Magna

$54.29

0.37 (0.69%)

18:23
11/21/17
11/21
18:23
11/21/17
18:23

Magna announces two share repurchase programs

Magna International announced that it intends to purchase for cancellation Common Shares pursuant to two specific share repurchase programs. Magna has entered into agreements with two arm's-length third party sellers to repurchase Common Shares through daily purchases under each Program. The Programs will run sequentially with purchases under the first Program taking place between November 24 and December 29, subject to a maximum of 1,472,000 Common Shares. Purchases under the second Program will take place between the trading day following the completion of all purchases under the first Program and December 29 subject to a maximum of 1,400,000 Common Shares.

  • 09

    Jan

  • 16

    Jan

MGA Magna
$54.29

0.37 (0.69%)

10/16/17
GSCO
10/16/17
DOWNGRADE
Target $41
GSCO
Sell
Magna downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst David Tamberrino downgraded Magna International to Sell and cut his price target for the shares to $41 from $45. The analyst expects the company to underperform its supplier peers late in the North American autos cycle. Magna has the highest revenue exposure to both North America and the Detroit Three, as well as a slower growing advanced driver assistance systems product portfolio relative to peers, Tamberrino tells investors in a research note.
10/16/17
GSCO
10/16/17
DOWNGRADE
GSCO
Neutral
Cooper-Standard downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst David Tamberrino downgraded Cooper-Standard Holdings (CPS) to Neutral saying the shares are fairly valued following the recent run. Further, the company is less favorably positioned versus peers given the late stage of the auto cycle in North America, Tamberrino tells investors in a research note. The analyst lowered his price target for the shares to $113 from $119. Tamberrino this morning also downgraded Magna International (MGA) to Sell.
10/18/17
BOFA
10/18/17
UPGRADE
Target $63
BOFA
Buy
Magna upgraded to Buy from Underperform at BofA/Merrill
BofA/Merrill analyst John Murphy upgraded Magna two notches to Buy from Underperform and increased its price target to $63 from $38. The analyst said Magna has the expertise in numerous components and architectures of the vehicle that provide a unique competitive advantage in the evolution of the automotive industry towards technological advancement. Magna's manufacturing expertise to build production-ready models sets the company ahead of the competition, the analyst wrote. Murphy views Magna as one of the best-positioned suppliers over the long-term given is proprietary technology, expertise, and trusted reputation among OEMs, which will allow it to continue to win business and grow revenues ahead of market growth.
10/18/17
10/18/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Merck (MRK) upgraded to Buy from Neutral at Citi with analyst Andrew Baum saying while Merck's non-Keytruda business continues to erode, the market is undervaluing both the ultimate patient derived xenograft market size and Merck's likely market share with Keytruda. 2. GoPro (GPRO) upgraded to Buy from Neutral at Longbow with analyst Joe Wittine noting that the stock's valuation has returned to early 2017 levels, which he views as "misguided" given the execution improvement made since that time. 3. Omnicom (OMC) upgraded to Outperform from Market Perform at Telsey Advisory with analyst Tom Eagan saying Omnicom's North American growth for the third quarter was up 2.1%, a turnaround from the first half of 2017 deceleration. 4. Magna (MGA) upgraded to Buy from Underperform at BofA/Merrill with analyst John Murphy upgrading Magna two notches and saying the company has the expertise in numerous components and architectures of the vehicle that provide a unique competitive advantage in the evolution of the automotive industry towards technological advancement. 5. Grainger (GWW) upgraded to Outperform from Perform at Oppenheimer with analyst Christopher Glynn citing the company's third quarter results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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GrubHub

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EWG

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IR

Ingersoll-Rand

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TXN

Texas Instruments

$98.33

0.25 (0.25%)

, CY

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$15.87

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$23.31

-0.16 (-0.68%)

ALV

Autoliv

$148.34

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EEM

MSCI Emerging Markets Index

$46.65

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EWW

iShares MSCI Mexico

$50.98

-0.13 (-0.25%)

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DOCU

Docusign

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Syndicate
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  • 27

    Apr

UUP

PowerShares DB US Dollar Index Up

$23.83

-0.04 (-0.17%)

06:31
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CR

Crane

$87.78

-7.56 (-7.93%)

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TGNA

Tegna

$10.72

0.07 (0.66%)

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  • 08

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IR

Ingersoll-Rand

$80.35

-2.88 (-3.46%)

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Breaking Hot Stocks news story on Ingersoll-Rand »

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  • 25

    Apr

UDN

PowerShares DB US Dollar Index Down

$22.66

0.04 (0.18%)

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IR

Ingersoll-Rand

$80.35

-2.88 (-3.46%)

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Earnings
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  • 25

    Apr

WIT

Wipro

$5.15

-0.05 (-0.96%)

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DDAIF

Daimler AG

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Periodicals
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WIT

Wipro

$5.15

-0.05 (-0.96%)

06:29
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Earnings
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WIT

Wipro

$5.15

-0.05 (-0.96%)

06:28
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Earnings
Wipro reports Q4 revenue $2.1B, consensus $2.15B »

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STNG

Scorpio Tankers

$2.38

-0.01 (-0.42%)

06:27
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Earnings
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  • 25

    Apr

IPHI

Inphi

$31.46

1.1 (3.62%)

06:26
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06:26
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  • 09

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DDR

DDR Corp.

$6.68

0.025 (0.38%)

06:26
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Upgrade
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BIIB

Biogen

$262.02

2.72 (1.05%)

06:25
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EADSY

Airbus

, RYCEY

Rolls-Royce

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