Magna International Inc

TSX:MGCanadaView on NYSE

Oct 29, 2024

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• DJ Magna International Inc. Stock Falls Tuesday, Underperforms Market, from 4:34PM ET on Tuesday Oct 29, 2024 by Dow Jones

  4:34PM ET on Tuesday Oct 29, 2024 by Dow Jones
  Companies Mentioned: MGA, MG
  
  This article was automatically generated by MarketWatch using technology from Automated Insights.
  
  Shares of Magna International Inc. MG slipped 2.98% to C$57.90 Tuesday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index falling 0.01% to 24,562.55.
  

• DJ Magna International's Demand-Side Climate Still Looking Gloomy -- Market Talk, from 12:03PM ET on Tuesday Oct 29, 2024 by Dow Jones

  12:03PM ET on Tuesday Oct 29, 2024 by Dow Jones
  Companies Mentioned: MGA, MG
  
  1203 ET - While the auto sector suppliers' guidance appears to factor in risks and uncertainties, Scotiabank's Jonathan Goldman doesn't see any industry catalysts to push stocks like Magna International forward. In a report, he says sentiment and valuations are likely at bottom, but "we see little reason to believe industry conditions and share prices improve in the near-term." Magna's shares have sunk about 26% in 2024. The stock is down 2.6% in the session to C$58.10. "Vehicle affordability is still keeping many households on the sidelines. Barring an acceleration in incentives, announced rate cuts are unlikely to catalyze a snap-back in demand," Goldman says. (adriano.marchese@wsj.com)
  

• DJ Magna International Inc. Is Maintained at Sector Perform by RBC Capital, from 11:41AM ET on Tuesday Oct 29, 2024 by Dow Jones

  11:41AM ET on Tuesday Oct 29, 2024 by Dow Jones
  Companies Mentioned: MGA, MG
  
  Ratings actions from Baystreet: http://www.baystreet.ca
  
  (END) Dow Jones Newswires
  
  October 29, 2024 11:41 ET (15:41 GMT)
  

• Magna International Price Target Lowered to US$42 at RBC, from 7:47AM ET on Tuesday Oct 29, 2024 by MT Newswires

  7:47AM ET on Tuesday Oct 29, 2024 by MT Newswires
  Companies Mentioned: MGA, MG
  07:47 AM EDT, 10/29/2024 (MT Newswires) -- RBC Capital Markets lowered its price target on Magna International Inc. (MG.TO, MGA) to US$42 from US$47 on Tuesday. Analyst Tom Narayan maintained a Sector Perform rating on shares of the Canadian auto pa...