Magna upgraded by RBC on improving macro trends, EV recovery optimism

Investing.com01-24

Investing.com -- Magna International Inc (TSX:MG) got an upgrade to "Outperform" from "Sector Perform" at RBC Capital Markets given an improved U.S. macroeconomic conditions, better dealer inventories...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2505633958?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-24 21:46","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2505633958","market":"us","top_or_hot":-1,"title":"Magna upgraded by RBC on improving macro trends, EV recovery optimism","media":"Investing.com","content":"<div>\n<p>Investing.com -- Magna International Inc (TSX:MG) got an upgrade to \"Outperform\" from \"Sector Perform\" at RBC Capital Markets given an improved U.S. macroeconomic conditions, better dealer inventories...</p>\n\n<a href=\"https://finance.yahoo.com/news/magna-upgraded-rbc-improving-macro-134625560.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Magna upgraded by RBC on improving macro trends, EV recovery optimism</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMagna upgraded by RBC on improving macro trends, EV recovery optimism\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-24 21:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/magna-upgraded-rbc-improving-macro-134625560.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com -- Magna International Inc (TSX:MG) got an upgrade to \"Outperform\" from \"Sector Perform\" at RBC Capital Markets given an improved U.S. macroeconomic conditions, better dealer inventories...</p>\n\n<a href=\"https://finance.yahoo.com/news/magna-upgraded-rbc-improving-macro-134625560.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MGA","symbol_name":"曼格纳国际","start_time":0,"source_url":"https://finance.yahoo.com/news/magna-upgraded-rbc-improving-macro-134625560.html","article_id":"2505633958","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505633958","pubTimestamp":1737726385,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com -- Magna International Inc  got an upgrade to \"Outperform\" from \"Sector Perform\" at RBC Capital Markets given an improved U.S. macroeconomic conditions, better dealer inventories, and a likely rebound in electric vehicle demand in 2025. RBC raised its price target for the Canadian auto parts manufacturer to $52 from $41.A stronger December U.S. dealer inventories and positive January sales trends, indicating late-2024 demand may not have been merely an election-driven spike, RBC says. Improved global auto production forecasts also support the view of a healthier production environment.2025 could be a recovery year for EVs in the U.S. and Europe, RBC noted, adding that Magna’s anticipated guidance for 2025 could exceed consensus expectations, driven by easier year-over-year comparisons and continued customer recoveries.The brokerage anticipates margin improvements in key business segments, including body exteriors and structures and complete vehicles.RBC projects 8% EBIT g","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"MGA":"曼格纳国际"},"translate_title":"加拿大皇家银行(RBC)因宏观趋势改善和电动汽车复苏乐观情绪而上调麦格纳评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MGA":1},"content_text":"Investing.com -- Magna International Inc (TSX:MG) got an upgrade to \"Outperform\" from \"Sector Perform\" at RBC Capital Markets given an improved U.S. macroeconomic conditions, better dealer inventories, and a likely rebound in electric vehicle demand in 2025. RBC raised its price target for the Canadian auto parts manufacturer to $52 from $41.\nA stronger December U.S. dealer inventories and positive January sales trends, indicating late-2024 demand may not have been merely an election-driven spike, RBC says. Improved global auto production forecasts also support the view of a healthier production environment.\n2025 could be a recovery year for EVs in the U.S. and Europe, RBC noted, adding that Magna’s anticipated guidance for 2025 could exceed consensus expectations, driven by easier year-over-year comparisons and continued customer recoveries.\nThe brokerage anticipates margin improvements in key business segments, including body exteriors and structures and complete vehicles.\nRBC projects 8% EBIT growth in 2025, supported by a better global production outlook and operational recovery.\nRelated Articles\nMagna upgraded by RBC on improving macro trends, EV recovery optimism\nUK tax policy changes fuel millionaire exodus, says deVere\nAT&T strikes $850 million property deal with Reign Capital","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2505633958"}