The Globe and Mail reports in its Friday, April 11, edition that RBC Capital Markets analyst Tom Narayan thinks first quarter financial results for global automobile companies "could benefit from pre-buy in March ahead of tariffs for many." The Globe's David Leeder writes in the Eye On Equities column that Mr. Narayan has lowered his ranking for Magna International to "sector perform" from "outperform". Mr. Narayan slashed his share target to $32 from $51 (all figures U.S.). Analysts on average target the shares at $45.06. Mr. Narayan says in a note: "Our lower production forecast reduces our '25 EBIT to $1.9-billion from $2.1-billion. We also cut our SOTP [sum-of-the-parts] multiple to four times from five times (five times for BE&S, down from six times), four times for P&V and two times for seating and CV (down from three times). These revised multiples are consistent with current peer trading levels. ... Previously we believed a sale of the company's seating business might be imminent given Tier 1 supplier announcements on asset dispositions. Given the current macro environment, we now do not think this is high on the agenda for management. As such, we downgrade Magna to 'sector perform.'"