Magna International's 2025 Outlook Prompts RBC Ratings Upgrade -- Market Talk

Dow Jones01-24

1053 ET - Magna International should benefit from improving production and sales backdrop in 2025, prompting RBC analysts to upgrade the stock to outperform from sector perform. In a report, RBC analysts point to better-than-expected US inventories in December for the Canadian auto-parts manufacturer, as well as improving January sales in the US. Europe's EV sales were also stronger than-expected, the analysts said, "pointing to a better 2025, we like the setup for Magna into 2025." This should manifest in Ebitda of $3.9 billion, up from previous estimates of $3.7 billion, and a 5%-6% rise in EBIT compared with 2024 consensus levels. As well as the ratings upgrade, the company increases its target price to $52 from $41. Shares are up 2.7% to $41.30. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

January 24, 2025 10:53 ET (15:53 GMT)

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Europe's EV sales were also stronger than-expected, the analysts said, \"pointing to a better 2025, we like the setup for Magna into 2025.\" This should manifest in Ebitda of $3.9 billion, up from previous estimates of $3.7 billion, and a 5%-6% rise in EBIT compared with 2024 consensus levels. As well as the ratings upgrade, the company increases its target price to $52 from $41. Shares are up 2.7% to $41.30. 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In a report, RBC ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2505862429","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505862429","pubTimestamp":1737733980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1053 ET - Magna International should benefit from improving production and sales backdrop in 2025, prompting RBC analysts to upgrade the stock to outperform from sector perform. 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