Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

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

admin by admin
January 24, 2025
in Stock
0
Magna upgraded by RBC on improving macro trends, EV recovery optimism
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

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.

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 growth in 2025, supported by a better global production outlook and operational recovery.

 

This post appeared first on investing.com

Previous Post

CF Industries stock falls on analyst downgrades

Next Post

How MicroStrategy’s Bitcoin strategy is attracting conservative investors

admin

admin

Next Post
How MicroStrategy’s Bitcoin strategy is attracting conservative investors

How MicroStrategy’s Bitcoin strategy is attracting conservative investors

Trending News

Long ZUMZ: Zumiez Inc. Q3 2024 Earnings Beat Guidance, Comparable Sales Up 7.5%, and Bullish Reversal Pattern Suggests Upside Potential

Long ZUMZ: Zumiez Inc. Q3 2024 Earnings Beat Guidance, Comparable Sales Up 7.5%, and Bullish Reversal Pattern Suggests Upside Potential

December 9, 2024
Musk’s brain implant company filed as a ‘disadvantaged business’

Musk’s brain implant company filed as a ‘disadvantaged business’

July 20, 2025
These alcohol stocks could take a hit under Trump administration

These alcohol stocks could take a hit under Trump administration

November 6, 2024
Subscribe to Insightful Word


    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025
    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    August 28, 2025
    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    August 28, 2025

    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025

    Latest News

    • Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in
    • SentinelOne stock price forecast ahead of earnings: buy or sell?
    • Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.