The Globe and Mail reports in its Saturday, July 30, edition that following the Brexit vote, Magna International ($38.57) shareholders drove the stock's forward price-to-earnings ratio to its lowest mark in years (all figures U.S.). The Globe's David Milstead writes that this buying opportunity is gone. Last week, however, Ford Motor posted disappointing earnings, which weighed on Magna stock, possibly creating another buying opportunity for long-term investors with a positive view on the auto sector. S&P Global Market Intelligence analyst Efraim Levy rates Magna "strong buy," with a $57 price target. Mr. Levy believes Magna's problematic European plants are turning around as the company places a greater emphasis on their profitability. With a healthy balance sheet -- the company was able to pay mostly cash for its acquisition of German transmission company Getrag in the first quarter -- and "solid manufacturing capabilities," Magna should have a valuation higher than most peers, he argues. Yet it does not, notes RBC Dominion Securities analyst Steve Arthur, who agrees with Mr. Levy that the discount is inappropriate. Mr. Arthur targets the shares at $59.