CIBC Capital Markets raised its price targets on Linamar Corp. (LNR.TO) and Magna International Inc. (MG.TO, MGA), and lowered its target on AutoCanada Inc. (ACQ.TO).

Analyst Ty Collin increased his target on Linamar to $99 from $88, and maintained an Outperformer rating.

Collin raised his target on Magna to US$56 from US$50, and maintained a Neutral rating.

The analyst lowered his target on AutoCanada to $30 from $33, and maintained an Outperformer rating.

"2026 is setting up to be another choppy year for the auto sector, but hopefully one in which some important questions will be answered as USMCA negotiations unfold," Collin said in a note to clients.

"Production is expected to decline modestly, per S&P Global, making growth more challenging," the analyst said. "However, the suppliers enter 2026 in good shape fundamentally, and we believe they are well positioned to navigate near-term volatility and benefit from emerging opportunities."

"Bigger picture, the group continues to trade at reasonable valuations on cyclically low earnings, and we see additional upside when industry conditions normalize."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)