John Murphy, analyst at Merrill Lynch, reiterates coverage on Magna International (NYSE:MGA) in the Industrial sector with a Buy rating. TipRanks.com has Murphy rated as a 4 star analyst with a 14.00% return on investment and a 60.00% success rate. Murphy has set a price target of $128.00.
TipRanks.com reports that NYSE:MGA currently has 10 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $111.10. The target pricing ranges from a high forecast of $128.00 down to a low forecast of $96.00.
NYSE:MGA’s last closing price was $97.33 which would put the average price target at 14.15% upside.
In addition, TradingView issued a Buy rating for NYSE:MGA over the next month.
Remember, securities are volatile, so please do your own research on NYSE:MGA.
Other analysts covering NYSE:MGA include:
- Dan Levy of Credit Suisse issued a buy rate with the price target of $120 on May 9th
- Peter Sklar of BMO Capital issued a buy rate with the price target of $108 on May 6th
- Colin Langan of Wells Fargo issued a hold with the price target of $100 on May 6th
If you are interest in stocks like NYSE:MGA or stocks in the Industrial sector, please click here.
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