The Globe and Mail reports in its Friday, Sept. 8, edition that CIBC Capital Markets analyst Krista Friesen has reaffirmed her "outperformer" recommendation for Magna International. The Globe's David Leeder writes in the Eye On Equities column that Ms. Friesen boosted her share target by $2 to $75 (all figures U.S. unless otherwise stated). Analysts on average target the shares at $67.13. Ms. Friesen says in a note: "It has been a challenging period for Magna and the auto industry as a whole contending with the pandemic, supply chain issues and the inflationary environment. While we had heard questions around the direction Magna was headed given its heightened level of capex as of late and the acquisition of the VNE active safety business, Magna used this investor day as an opportunity to reassure investors." The Globe reported on Feb. 14 and Aug. 17 that Citi analyst Itay Michaeli had reaffirmed his "neutral" recommendation for Magna International when it could be had for $74.49 (Canadian) and $75.98 (Canadian). The Globe reported on April 20 and Aug. 9 that RBC Dominion Securities analyst Tom Narayan rated Magna International "sector perform." It was then worth $74.49 (Canadian) and $79.65 (Canadian).