Analysts' Weekly Ratings Changes for Magna International (MGA) - Dakota Financial News
8/11/2015 – Magna International had its “buy” rating reaffirmed by analysts at Deutsche Bank. 8/10/2015 – Magna International had its “buy” rating reaffirmed by analysts at Canaccord Genuity. 8/6/2015 – Magna International was downgraded by analysts at Zacks from a “hold” rating to a “sell” rating. According to Zacks, “Magna International’s adjusted earnings per share for the first quarter of 2015 improved year over year and surpassed the Zacks Consensus Estimate. Revenues went down year over year, but surpassed the Zacks Consensus Estimate. The year-over-year decrease in the top line was due to the weakening of the euro and Canadian dollar against the U. S. dollar. ” 7/22/2015 – Magna International was upgraded by analysts at Zacks from a “sell” rating to a “hold” rating. According to Zacks, “Magna International’s adjusted earnings per share for the first quarter of 2015 improved year over year and surpassed the Zacks Consensus Estimate. Revenues went down year over year, but surpassed the Zacks Consensus Estimate. The year-over-year decrease in the top line was. Source: www.dakotafinancialnews.com
