10:00 ET - Too many unknowns hang over Magna International to be confident in its near-term future. Raymond James analyst Michael Glen says in a report he see the updated 2025 guide as conservative, but it's "challenging to view these type of results as a positive catalyst for the stock." Shares are currently down 22% year-to-date. He says this will be a sore spot for investors who remain frustrated "with the outlook given lingering tariff and trade uncertainty." The Canadian auto-parts maker is looking towards a $250-million net incremental trade-related expenses which it plans to offset with customers, but it may not be enough to offset tariffs that are likely to "keep prices elevated, production levels muted, and challenge affordability," Glen says. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

May 05, 2025 10:00 ET (14:00 GMT)

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