The Globe and Mail reports in its Thursday edition that Magna International has so far focused on small targets when it has been making acquisitions, but it has the ability to make a transaction in the range of $3-billion (U.S.) to $5-billion (U.S.), says chief executive officer Don Walker. The Globe's Greg Keenan writes that Mr. Walker says whether it makes such a purchase would depend on the target company's footprint, competitive position and technology. Mr. Walker says Magna will not make an acquisition -- big or small -- just for the sake of making an acquisition. While Magna is "quite actively looking" at targets, it is also assessing its own portfolio of products to make sure it makes sense to stay in those businesses. Mr. Walker has talked for several years about examining all the components the company makes and divesting or otherwise exiting product areas where it is not among the leaders. Mr. Keenan says that internal review appears to be reaching some conclusions. BMO Nesbitt Burns analyst Peter Sklar says his outlook for Magna is negative. He says Magna's share profit projections of between $9.22 (U.S.) and $9.68 (U.S.) for 2015 are less than his estimate of $10.18 (U.S.).