Canaccord Genuity Upgrades Magna International To Buy

Analysts at Canaccord Genuity upgraded Magna International Inc. MGA from Hold to Buy. The price target for Magna International has been raised from $110 to $111. Magna International shares have jumped 11.74% over the past 52 weeks, while the S&P 500 index has gained 8.96% in the same period. Magna International's shares fell 5.80% to close at $97.02 yesterday.