Thursday’s analyst upgrades and downgrades
Analysts have provided updates on several companies, including Magna International and Dollarama. Magna is expected to benefit from positive demand trends and has seen an increase in revenue and earnings per share. Dollarama is viewed as a core holding, with stable performance anticipated despite macroeconomic challenges.
- ▪Citi analyst Michael Ward maintains a 'buy' rating for Magna International and raised the target price to US$75.
- ▪Magna's first-quarter financial reports showed a 3 percent revenue increase and a 9.3 percent EBITDA gain year-over-year.
- ▪RBC Dominion Securities analyst Irene Nattel believes Dollarama should be considered a 'core holding' for investors ahead of its earnings report.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountInside the Market’s roundup of some of today’s key analyst actionsWhile Citi analyst Michael Ward see Magna International Inc. (MGA-N, MG-T) as “fairly valued at current trading levels given the current outlook,” he thinks “longer-term demographics should support higher demand in key global markets and new business wind could provide revenue upside.”“The Supplier Group has been adversely affected by uneven production since Covid but shrugged off tariff-related volatility & cutbacks in BEV [battery electric vehicle] production in 2025 to outperform,” he said.
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