Scotiabank Boosts Magna Price Target to $57 Amid 2026 Tariff Concerns
ByAinvest
Friday, Feb 6, 2026 10:36 am ET1min read
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Scotiabank raised Magna's price target to $57 from $52 with a Sector Perform rating, citing potential tariff concerns in 2026. Barclays also increased the price target to $58 from $52 with an Equal Weight rating, while Goldman Sachs raised its target to $68 from $60 with a Sell rating. Magna manufactures and supplies vehicle engineering and automotive space.
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