Magna International Inc's (Magna) NYSE common stock experienced a significant increase of 21.0% since our 4Q 08 and FY 2008 update report, dated 21 April 2009. We believe the significant price increase is primarily attributable to broader market index gain, coupled with positive investor sentiments associated with Magna's successful bid for General Motor Corporation's (GM) Opel unit....

Magna International Inc's (Magna) 1Q 09 sales were marginally below our estimate. However, operating and net losses were below our expectations. We maintain our weak sales and profitability outlook for the company over the medium term, based on declining vehicle production in Magna's core markets of Europe and North America. However, we believe Magna's strong liquidity position will enable it to sustain the severe economic downturn....

Magna International Inc’s (Magna) common stock achieved our target price on 02 March 2009. We believe significant decline in the NYSE common stock is primarily attributable to weakening global economic conditions, in addition to turbulence in global financial markets. Furthermore, rising investor concerns over deteriorating Light Vehicle Production (LVP) in Magna’s core markets, such as North America and Europe, has also…