This Just In: Magna International Stock Upgraded
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Three months ago, I named Canada's Magna International (NYSE: MGA) one of my favorite lowest P/E stocks to buy today. The stock is up 16% since, but that's not even the best news.
This morning, analysts at American megabanker Bank of America-Merrill Lynch announced they are upgrading shares of Magna International stock to buy and assigning the stock a $63 price target, implying nearly $10 more upside to this stock's magnificent run.
Source: Fool.com
Magna International Inc. Stock
€38.03
-0.030%
With 20 Buy predictions and not the single Sell prediction the community is currently very high on Magna International Inc..
With a target price of 57 € there is a positive potential of 49.88% for Magna International Inc. compared to the current price of 38.03 €.
