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Magna price target lowered to $50 from $55 at Barclays

Barclays lowered the firm’s price target on Magna to $50 from $55 and keeps an Equal Weight rating on the shares post the Q2 report. The company trimmed its 2026 outlook, but a key positive is reduced spend and balanced growth ambitions amid slower megatrends, the analyst tells investors in a research note.

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