Magellan Aerospace Corp (MAL) PT Raised to C$25.00 at TD Securities

Magellan Aerospace Corp (TSE:MAL) had its price target hoisted by analysts at TD Securities from C$23.00 to C$25.00 in a report released on Wednesday. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 24.63% from the company’s current price.

Separately, Canaccord Genuity downgraded Magellan Aerospace Corp from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$23.00 to C$22.00 in a research report on Wednesday, August 9th.

Shares of Magellan Aerospace Corp (MAL) opened at C$20.06 on Wednesday. Magellan Aerospace Corp has a 12-month low of C$16.32 and a 12-month high of C$21.39.

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Magellan Aerospace Corp Company Profile

Magellan Aerospace Corporation is a Canada-based supplier of components to the aerospace industry and in certain applications for power generation projects. The Company engineers and manufactures aeroengine and aerostructure components for aerospace markets, including products for defense and space markets, and complementary specialty products.

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