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Stock impact report

Friday’s analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]

Magna International, Inc. (MGA) 
Last magna international, inc. earnings: 2/21 05:00 am Check Earnings Report
US:NYSE Investor Relations: magna.com/investors
Scotia Capital analyst John Zambaro warns the “ reverberations from headlines on U.S. trade policy may persist for months” on Canada’s retail and consumer product industries. In a research report released Friday, he made two rating revisions for stocks in his coverage universe. He upgraded Loblaw Companies Ltd. ( L-T +0.96% increase ) to “sector outperform” from “sector perform” with a $215 target, rising from $190. The average target on the Street is $201.50, according to LSEG data. “L offers investors perhaps the most tariff-resistant business in our coverage universe, and we see the recent pullback as an appropriate time to buy,” he said. Conversely, Mr. Zamparo downgraded Groupe Dynamite Inc. ( GRGD-T -4.97% decrease ) to “sector perform” from “sector outperform” and dropped his target to $12 from $25. The average is $23.95. “For GRGD, we expect fundamental results to remain solid even for the Q1 print; however, macro conditions look likely to weigh on valuation, and we are b Show less Read more
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