The Globe and Mail reports in its Tuesday, April 29, edition that TD Cowen analyst Brian Morrison has reaffirmed his "buy" recommendation for Magna International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Morrison gave his share target a $3 trim to $44 (all figures U.S.). Analysts on average target the shares at $42.68. Mr. Morrison thinks there is "compelling value" in Canada auto parts suppliers, however, he cautions "their near-term direction depends on the visibility/impact of tariffs by the U.S. administration." Mr. Morrison says in a note: "While N.A. SAAR has been strong in Q1/25 as consumers purchase in advance of potential tariff induced price increases, production has been subdued for the same reason/growing fears of an economic slowdown. This is resulting in declining inventory levels that are unlikely to be replenished near-term with the uncertain tariff/ economic outlook. ... Regardless of the Q1/25 performance, investor focus will be upon gaining visibility upon tariffs and the ability to mitigate their impact. Until the U.S. administration provides greater certainty on their strategy, we are challenged to see the Q1/25 reporting season as a sector/share price catalyst."