Q: Hello,
Could you shed any light behind Magna's 7% and Linamar's 5.5% drop this past week?
Thank you
Could you shed any light behind Magna's 7% and Linamar's 5.5% drop this past week?
Thank you
5i Research Answer:
Wells Fargo lowered MG's target price this week. LNR made a $300M acquisition. Those were the only news items for these companies. Each have bounced hard off of their lows and are up for the year.