Investing.com – Magna International Inc (TSX 🙂 He got an upgrade to “Outperform” from “Sector Perform” on RBC Capital Markets with regard to improved macroeconomic conditions in the US, better retailer supplies and likely recovery of demand for electric vehicles 2025.
RBC increased the target price for the Canadian car manufacturer at $ 52 with $ 41.
In a more powerful supplies of dealer in the United States in December and positive sales trends in January, which show that demand at the end of 2024. Maybe it was not just a jump triggered by the election, RBC says. Improved global car production forecasts also support the view of a healthier production environment.
2025 could be a year of recovery for electric vehicles in the US and Europe, he noticed RBC, adding that Magnina provided guidelines for 2025. They could exceed consensitive expectations, encouraged by easier comparisons from year to year and continuous customer recovery.
The brokerage house provides for improvements of margins in key business segments, including body and structures and complete vehicles.
RBC predicts an EBIT growth of 8% in 2025, supported by a better chance of global production and operating recovery.
