RBC Capital Markets lowered its price target on Magna International Inc. (MG.TO, MGA) to US$51 from US$52.
Analyst Tom Narayan maintained an Outperform rating on shares of the Canadian auto parts manufacturer.
"Magna's '25 guidance was impacted by FX, OEM mix, and a Contract ending at CV," Narayan said in a note to clients.
"Even with these headwinds, we think the company could unlock shareholder value by divesting its Seating and/or CV businesses," the analyst said.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
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