The Globe and Mail reports in its Thursday, Nov. 30, edition that Citi analyst Itay Michaeli has reaffirmed his "neutral" recommendation for Magna International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Michaeli bumped his share target ahead by $2 (U.S.) to $60 (U.S.). Analysts on average target the shares at $67.83 (U.S.). The Globe says Mr. Michaeli is "encouraged" by Magna International's recent execution, however he sees "a balanced risk/reward" proposition for investors, believing its "2023-25 margin bridge to be somewhat more vulnerable versus peers." Mr. Michaeli says in a note: "We'd also like to see signs of improving FCF generation after this year's increased capex spend. While we are fundamentally constructive on the story based on the company's strong positioning and relative defensiveness, we view risk/reward to be balanced." The Globe reported on Feb. 14, Aug. 17 and Oct. 12 that Mr. Michaeli had reaffirmed his "neutral" recommendation for Magna International when it could be had for $74.49 (Canadian), $75.98 (Canadian) and $52.62 (U.S.). The Globe reported on Nov. 7 that Scotia Capital analyst Jonathan Goldman kept Magna at "sector perform." It was then worth $52.81 (U.S.).