06:10 AM EDT, 08/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our target by CAD10 to CAD58, based on a 2026 P/E of 7.5x, a justified discount to the stock's 10-year average forward P/E of 10.7x. We raise our adjusted EPS estimates to USD4.90 (from USD4.40) for 2025 and to USD5.60 (from USD5.40) for 2026. Following Magna's Q2 EPS beat and increased 2025 guidance, we are maintaining a Hold on the shares. While MG's results were a step in the right direction following a stretch of very poor results (the release marked just MG's second bottom line beat in the past seven quarters), we still see reason for caution. We prefer auto suppliers with greater exposure to faster-growing segments of the market and a less globalized footprint, as Magna has manufacturing facilities and other operations in 28 countries at year-end 2024, making it more vulnerable to tariffs than other auto suppliers. Additionally, we note that the company did not repurchase any stock during Q2, a missed opportunity in hindsight, and its cash returns to shareholders lag those of competitors.