The Globe and Mail reports in its Tuesday, May 9, edition that TD Securities analyst Brian Morrison has elevated his recommendation for Magna International to "buy" from "hold." The Globe's David Leeder writes in the Eye On Equities column that Mr. Morrison gave his share target a $2 (U.S.) boost to $64 (U.S.). Analysts on average target the shares at $64.19 (U.S.). Mr. Morrison says the company's visibility has improved following the release of its quarterly report. Mr. Morrison says in a note, "Should we continue to see sequential improvement in its financial performance as we now expect and Magna meets/exceeds its 2023 guidance, this should heighten investor confidence in Magna's outlook and lead to positive revisions to both consensus and its applied multiple." The Globe reported on Feb. 14 that Citi analyst Itay Michaeli had reaffirmed his "neutral" recommendation for Magna when it could be had for $74.49 (Canadian). The Globe reported on April 20 that RBC Dominion Securities analyst Tom Narayan had lowered his recommendation for Magna to "sector perform" from "outperform." It was then worth $74.49.