Bull of the Day: Magna International (MGA)

Magna International (MGA) enjoys a strong competitive position in the automotive industry by virtue of its complete range of interior and exterior auto systems.

The company is strengthening its positions in the emerging markets of Asia, Eastern Europe and Russia. It is also poised for growth through its major business wins from original equipment manufacturers (OEMs).

In the most recent quarter, the company outpaced the Zacks Consensus Estimate by $1.27 per share. These factors have led us to upgrade shares from Neutral to Outperform and set a target price of $91.

MAGNA INTL CL A (MGA): Free Stock Analysis Report

About Zacks Investment Research 1766 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.

Visit: Zacks.com

Be the first to comment

Leave a Reply

Your email address will not be published.