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Magna International (NYSE:MGA) Price Target Cut to $59.00 by Analysts at CIBC

Magna International (NYSE:MGA – Get Free Report) (TSE:MG) had its price target reduced by research analysts at CIBC from $61.00 to $59.00 in a report released on Friday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price objective points to a potential upside of 22.89% from the company’s previous close. […] ....

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