Ticker: MGA
Sector: Consumer Discr./Industrials
Price Target: 125.00
Div. Yield 2014: 1.3%
Ravi Shanker of Morgan Stanley writes that the key value drivers of Magna International are that it is a top-5 global supplier with a highly diversified product footprint and it has the industry's strongest balance sheet.
Additionally, "MGA has eliminated its dual-class share structure by buying out the chairman and founder, which should eliminate historical corporate governance concerns and allow the company to purse a more aggressive growth strategy."
Source: Morgan Stanley