Latest news with #KristaFriesen
Business Insider
18-07-2025
- Business
- Business Insider
CIBC Keeps Their Hold Rating on Linamar (LIMAF)
CIBC analyst Krista Friesen maintained a Hold rating on Linamar today and set a price target of C$68.00. The company's shares closed today at $49.17. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Friesen covers the Consumer Cyclical sector, focusing on stocks such as Linamar, Boyd Group Services, and Magna International. According to TipRanks, Friesen has an average return of 5.7% and a 60.29% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Linamar with a $47.25 average price target, representing a -3.90% downside. In a report released on July 14, Scotiabank also maintained a Hold rating on the stock with a C$71.00 price target. Based on Linamar's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.53 billion and a net profit of $177.7 million. In comparison, last year the company earned a revenue of $2.72 billion and had a net profit of $178.51 million Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LIMAF in relation to earlier this year.
Yahoo
07-03-2025
- Automotive
- Yahoo
Magna price target lowered to $36.50 from $44 at CIBC
CIBC analyst Krista Friesen lowered the firm's price target on Magna (MGA) to $36.50 from $44 and keeps a Neutral rating on the shares. The firm appreciates that the auto suppliers are trading near multi-year lows, but it views the tariffs by the U.S. as an 'existential threat to the industry.' The implementation of tariffs creates 'significant uncertainty for an industry that has worked to integrate itself since the introduction of the Canada-United States Automotive Products Agreement in 1965,' the analyst tells investors in a research note. See what stocks are receiving Strong Buy ratings from top-rated analysts. Filter, analyze, and streamline your search for investment opportunities with TipRanks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on MGA: Magna downgraded to Neutral at BofA on lower auto production view Magna downgraded to Neutral from Buy at BofA Magna price target lowered to $40 from $43 at Morgan Stanley Down 30% (or More): J.P. Morgan Says These 2 Beaten-Down Stocks Are Set to Rebound Magna International Reports Steady Sales and Strategic Wins in 2024
