The Globe and Mail reports in its Tuesday, Nov. 5, edition that RBC Capital Markets analyst Tom Narayan is sticking with his "sector perform" call for Magna International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Narayan cut his share target to $41 from $42 (all figures U.S.). Analysts on average target the shares at $49.91. The Globe says Mr. Narayan sees Magna International "bucking the trend" of North American auto parts suppliers. Mr. Narayan says in a note: "Magna cut '24 guidance above consensus levels and announced a share buyback plan, supported by better FCF in '25 despite macro headwinds, while other suppliers are cutting below consensus and warning on future volatility. If Magna can execute on its plan, investor sentiment might improve. That said, we continue to worry about macros in '25 especially with OEMs cutting production in the U.S. and Europe. ... The company expects to generate $700-million in FCF in 2024 and this level to increase in 2025 thanks to lower capex and higher cash from operations coming from GOM and better cost control. ... Management believes it can use FCF generated as well as liquidity to finance the buybacks and still reach its leverage target."