BUZZ-Citi initiates coverage on Magna International with 'neutral' rating

Reuters

Oct 13, 2025

** Citi initiates coverage on U.S.-listed shares of Canadian auto parts maker Magna International MGA.N with "neutral" rating and a PT of $49

** PT implies an upside of 12.5% from the stock's last close

** MGA is a top global auto supplier, but still struggles to reflect that in its market value, says brokerage

** Magna may benefit from stronger industry volumes into 2026, but near-term valuation could be held back by integration costs and shifting capital priorities - Citi

** Four of the 20 brokerages rate the stock "buy", 14 "hold" and two "sell"; median PT is $47 - data compiled by LSEG

** As of last close, shares up 4.2% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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