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Wells Fargo Sticks to Their Hold Rating for Magna International (MGA)
In a report released today, Colin Langan from Wells Fargo maintained a Hold rating on Magna International, with a price target of $58.00.
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Langan covers the Consumer Cyclical sector, focusing on stocks such as Aptiv, Tesla, and Ford Motor. According to TipRanks, Langan has an average return of -6.9% and a 47.65% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Magna International with a $52.80 average price target.
MGA market cap is currently C$21.85B and has a P/E ratio of 15.36.
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