CIBC analyst Krista Friesen raised the firm’s price target on Magna (MGA) to $38 from $33 and keeps a Neutral rating on the shares. Magna’s “disappointing” Q1 results and guidance update suggest that the company is contending with more than just tariff issues, including challenges such as an elevated leverage ratio and growing slower than the broader market, the analyst tells investors in a post-earnings note.
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