Scotiabank lowered the firm’s price target on Magna (MGA) to $45 from $49 and keeps a Sector Perform rating on the shares. While macro risks are keeping the firm on the sidelines for the sector, Scotiabank is comfortable with the management’s ability to navigate the current environment. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on MGA: Magna price target lowered to $51 fr
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