8:20 ET -- Magna International is anticipating growing margins even as light vehicle production remains flat in 2026, which could bode well for upgrades along the way. TD Cowen's Brian Morrison says in a report that guidance for the year is encouraging, with a margin range of 6%-6.6%, ahead of consensus at 5.95%. "We're encouraged that, in a flattish 2026 forecast production volume environment, management anticipates realizing notable margin enhancing initiatives," he says. The strong starting position sets Magna well for upward financial revisions as well as potential multiple expansion, Morrison says, and with further upside potential if industry outlook improves. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
February 13, 2026 08:20 ET (13:20 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.