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Magna International Is Growing and Looks Great For The Future: BMO Analyst Upgrade

Magna International Inc. MGA 2.97%

Breaking News: Analyst Upgrade Sends Stock Higher

BMO Capital Markets just upgraded Magna International from Market Perform to Outperform.  This also includes a change in price target from $64 a share to $75 a share.

Peter Sklar is saying that new technology could help raise the price over the next few months.  Magna designs and manufactures automotive systems.  They also have recently signed a deal with LYFT which also has shown to have a great impact on the stock.  The announcement today of the BMO Capital Upgrade has lifted stock price by over 3% to $65.19 as of high trading on Monday.

 

Magna is run by CEO Don Walker who has been with the Company since 1987.

About Viliyana Filipova

Viliyana Filipova is 27 year-old girl from Varna, Bulgaria. She is founder and Chief Editor of Finance Apprise Journal, working also as analyzer on the world finance and commodity markets.

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