Scotiabank Raises Magna (MGA) PT to $57 Amid 2026 Tariff Concerns

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Maham Fatima

Fri, February 6, 2026 astatine 9:33 AM CST 2 min read

Magna International Inc. (NYSE:MGA) is 1 of the most undervalued Canadian stocks to bargain according to hedge funds. On January 27, Scotiabank expert Jonathan Goldman raised the terms people for Magna to $57 from $52 portion maintaining a Sector Perform rating. The steadfast observed that accrued conveyance accumulation costs resulting from tariffs whitethorn soon beryllium passed connected to consumers oregon suppliers successful 2026. Additionally, the steadfast highlighted imaginable downside risks to accumulation volumes, noting that these volumes service arsenic the superior origin successful determining supplier earnings.

Furthermore, connected January 23, Barclays expert Dan Levy accrued the firm’s terms people for Magna to $58 from $52 with an Equal Weight rating. This accommodation was portion of a broader reappraisal of the autos and mobility assemblage successful anticipation of Q4 2025 results. Barclays continues to favour conveyance manufacturers implicit suppliers, noting that car makers are presently benefiting from unchangeable accumulation rates and a simplification successful losses associated with electrical conveyance programs.

Scotiabank Raises Magna (MGA) PT to $57 Amid 2026 Tariff Concerns

On January 15, Goldman Sachs besides accrued the terms people for Magna to $68 from $60 with a Sell standing connected the shares. The revised people accounts for caller automotive income information and assorted supplier comments made astatine conferences during the 4th regarding 2026 maturation expectations. These updates bespeak the firm’s appraisal of existent marketplace show and manufacture outlooks.

Magna International Inc. (NYSE:MGA) manufactures and supplies conveyance engineering, contract, and automotive space. It operates done 4 se

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.