Scotiabank raises Magna International PT on macro tailwinds
ReutersOct 17, 2025 12:18 PM
Scotiabank lifts PT on U.S-listed shares of Canadian auto parts maker Magna International MGA.N to $47 from $44, maintains "sector perform" rating
New PT shows a premium of 5% from the stock's last close
Scotiabank says it sees improved confidence in co's cost discipline and free cash flow generation
Adds this outlook is further supported by macroeconomic stabilization, particularly around tariffs and production volumes
Expect light vehicle production in North America and Europe to remain flat, which could limit upside in the near term- Scotiabank
4 of 20 brokerages rate the stock "buy", 14 "hold" and 2 "sell" ; their median PT is $47- data compiled by LSEG
Stock up 7% YTD, as of last close
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