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MGA

Magna

$57.76

0.89 (1.57%)

05:48
01/12/18
01/12
05:48
01/12/18
05:48

Magna upgraded to Outperform from Market Perform at Wells Fargo

Wells Fargo analyst Richard Kwas upgraded Magna to Outperform saying the company's consensus estimates for 2018 and 2019 are too low. The analyst sees Magna's free cash flow conversion steadily improving and believes the company is positioned to outgrow underlying production trends and deliver modest margin expansion. He raised his price target for the shares to $69. Kwas also lifted his sector rating on the Auto Suppliers to Market Weight from Underweight.

  • 16

    Jan

MGA Magna
$57.76

0.89 (1.57%)

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.
12/05/17
MSCO
12/05/17
NO CHANGE
MSCO
Morgan Stanley raises price targets for American Axle, BorgWarner and Magna
After his recent work made him more cautious on the pace of electric vehicle adoption and penetration, Morgan Stanley analyst Adam Jonas said his negative thesis on American Axle (AXL), BorgWarner (BWA) and Magna (MGA) related to their exposure to internal combustion powered autos has been delayed. Jonas raised his price target for American Axle to $16 from $11 and his target on BorgWarner to $38 from $32, but he maintains Underweight ratings on both. He also raised his price target for Magna to $49 from $47, but keeps an Equal Weight rating on its shares.
12/28/17
MSCO
12/28/17
NO CHANGE
MSCO
January to be busy for Autos and Shared Mobility names, says Morgan Stanley
Morgan Stanley analyst Adam Jonas previewed the January calendar for the Autos and Shared Mobility sector, noting that the Vegas CES takes place in the second week and the Detroit Auto Show occurs in the third week of next month. Judging from last year's shows and press releases in recent weeks, he expects "the vast majority" of prepared presentations will focus on autonomous driving, electric propulsion and new business models as companies seek to encourage recognition and valuation of "Auto 2.0 efforts" in the multiples of their stocks, he tells investors. Automakers covered by the firm include Fiat Chrysler (FCAU), Tesla (TSLA), General Motors (GM), Ferrari (RACE) and Ford (F). Auto suppliers covered include Magna (MGA), Goodyear Tire (GT), Adient (ADNT), Delphi Technologies (DLPH), Visteon (VC), BorgWarner (BWA), Aptiv (APTV) and Tenneco (TEN).

TODAY'S FREE FLY STORIES

CDAY

Ceridian

$34.31

-0.885 (-2.51%)

05:16
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MDSO

Medidata

$75.53

-0.45 (-0.59%)

05:11
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  • 31

    May

VIRT

Virtu Financial

$29.10

-0.7 (-2.35%)

05:03
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KRO

Kronos Worldwide

$24.77

-0.165 (-0.66%)

04:59
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04:59
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Kronos Worldwide rating change  »

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DSW

DSW

$25.64

0.04 (0.16%)

, JWN

Nordstrom

$45.79

-0.05 (-0.11%)

04:56
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05/23
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04:56
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DSW, Nordstrom rating change  »

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DSW

DSW

$25.64

0.04 (0.16%)

JWN

Nordstrom

$45.79

-0.05 (-0.11%)

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  • 29

    May

PLAB

Photronics

$9.05

0.6 (7.10%)

04:55
05/23/18
05/23
04:55
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04:55
Conference/Events
Photronics to hold an analyst and investor event »

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  • 23

    May

TMO

Thermo Fisher

$217.88

1.2 (0.55%)

04:55
05/23/18
05/23
04:55
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04:55
Conference/Events
Thermo Fisher to host analyst meeting »

Analyst meeting to be…

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  • 23

    May

  • 23

    May

CAFD

8point3 Energy

$12.19

(0.00%)

04:55
05/23/18
05/23
04:55
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04:55
Conference/Events
8point3 Energy to host special shareholder meeting »

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  • 23

    May

WST

West Pharmaceutical

$90.09

-0.04 (-0.04%)

04:55
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05/23
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Conference/Events
West Pharmaceutical management to meet with Jefferies »

Meeting to be held in San…

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  • 23

    May

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    Jun

FMBI

First Midwest

$26.40

0.25 (0.96%)

04:55
05/23/18
05/23
04:55
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04:55
Conference/Events
First Midwest management to meet with Piper Jaffray »

Meeting to be held in…

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  • 23

    May

SRDX

Surmodics

$49.10

0.8 (1.66%)

04:55
05/23/18
05/23
04:55
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04:55
Conference/Events
Surmodics management to meet with Barrington »

Meetings to be held in…

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  • 23

    May

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    Jun

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    Jun

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    Jun

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    Jun

OTEX

OpenText

$34.21

0.11 (0.32%)

04:55
05/23/18
05/23
04:55
05/23/18
04:55
Conference/Events
OpenText management to meet with Benchmark »

Meeting to be held in…

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  • 23

    May

04:55
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General news
Breaking General news story  »

FOMC Minutes to be…

WD

Walker & Dunlop

$56.00

-0.1 (-0.18%)

04:55
05/23/18
05/23
04:55
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04:55
Conference/Events
Walker & Dunlop management to meet with JMP Securities »

Meetings to be held in…

03/08/13
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  • 23

    May

  • 24

    May

  • 31

    May

WWE

WWE

$56.88

-0.98 (-1.69%)

04:55
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05/23
04:55
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04:55
Conference/Events
WWE management to meet with MKM Partners »

Meeting to be held in…

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  • 23

    May

BMCH

BMC Stock Holdings

$19.75

-0.7 (-3.42%)

04:55
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05/23
04:55
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04:55
Conference/Events
BMC Stock Holdings management to meet with Stephens »

Meetings to be held in…

03/08/13
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03/08/13
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03/06/13
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  • 23

    May

  • 24

    May

LOGI

Logitech

$40.86

0.15 (0.37%)

04:55
05/23/18
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04:55
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Conference/Events
Logitech management to meet with Citi »

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  • 23

    May

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MTOR

Meritor

$21.94

-0.2 (-0.90%)

04:55
05/23/18
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04:55
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Conference/Events
Meritor management to meet with RBC Capital »

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  • 23

    May

  • 13

    Jun

GGG

Graco

$46.70

-0.64 (-1.35%)

04:55
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04:55
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Conference/Events
Graco management to meet with Oppenheimer »

Meeting to be held in…

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03/06/13
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03/06/13
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  • 23

    May

SSRM

SSR Mining

$10.28

-0.02 (-0.19%)

04:55
05/23/18
05/23
04:55
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Conference/Events
SSR Mining management to meet with Jefferies »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    May

NVEE

NV5 Global

$60.05

-0.55 (-0.91%)

04:55
05/23/18
05/23
04:55
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04:55
Conference/Events
NV5 Global management to meet with Lake Street »

Meetings to be held in…

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03/06/13
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03/06/13
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  • 23

    May

  • 09

    Jun

  • 12

    Jun

  • 13

    Jun

QTM

Quantum

$3.65

0.025 (0.69%)

04:55
05/23/18
05/23
04:55
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04:55
Conference/Events
Quantum management to meet with Lake Street »

Meeting to be held in Los…

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03/06/13
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03/06/13
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  • 23

    May

  • 29

    May

WERN

Werner

$38.30

-0.7 (-1.79%)

, USAK

USA Truck

$23.19

-3.3 (-12.46%)

04:55
05/23/18
05/23
04:55
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04:55
Conference/Events
Wolfe Research to hold a conference »

11th Annual Global…

WERN

Werner

$38.30

-0.7 (-1.79%)

USAK

USA Truck

$23.19

-3.3 (-12.46%)

LKQ

LKQ Corp.

$30.14

-0.62 (-2.02%)

03/08/13
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03/08/13
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03/06/13
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  • 23

    May

  • 12

    Jun

  • 13

    Jun

  • 20

    Jun

AGS

PlayAGS

$22.83

-0.21 (-0.91%)

, BYD

Boyd Gaming

$36.45

-0.54 (-1.46%)

04:55
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SunTrust to hold a bus tour »

Casino Bus tour travels…

AGS

PlayAGS

$22.83

-0.21 (-0.91%)

BYD

Boyd Gaming

$36.45

-0.54 (-1.46%)

CZR

Caesars

$12.65

-0.2 (-1.56%)

RRR

Red Rock Resorts

$34.09

-0.54 (-1.56%)

LGND

Ligand

$187.19

1.95 (1.05%)

03/08/13
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03/08/13
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  • 29

    May

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