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Stock Market & Financial Investment News

News Breaks
March 4, 2014
08:24 EDTMGAMagna price target raised to $106 from $98 at BMO Capital
BMO Capital increased its price target on Magna after the company reported significantly higher than expected Q4 EPS and raised its quarterly dividend. The firm thinks the company's margins could increase, and it keeps an Outperform rating on the shares.
News For MGA From The Last 14 Days
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May 6, 2015
09:23 EDTMGAMagna added to Best Ideas List at Morgan Stanley
Morgan Stanley added Magna to the Best Ideas List based on strong 2015 catalysts as it transforms into a key enabler of the industry's new asset-light business model. Shares are Overweight rated with a $75 price target.
May 4, 2015
17:13 EDTMGAMagna, Chongqing Xingqiaorui to form JV
Magna International and Chongqing Xingqiaorui have agreed to form a strategic joint venture in China. Under the terms of the agreement, Cosma International, Magna's body and chassis operating unit, will hold a 53% stake in the JV, while Xingqiaorui will hold the remaining 47%. The transaction is expected to close in late 2015 or early 2016, subject to regulatory approvals.

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