Q: Anything moving Magna lately on your radar? Thx
5i Research Answer:
Wells Fargo raised its target price on the stock recently, and the stock has seen some technical moves. Sentiment has shifted towards less concern on tariffs and investor anticipation of lower interest rates ahead. The stock is still down 7% YTD, but very cheap on valuation, and we think it was just 'beaten up' too much earlier this year. Consensus calls for a nice EPS recovery in 2026.