Despite back-to-work order, virus fears and lockdowns keep many Chinese factories quiet [Toronto Globe and Mail (Ontario, Canada)]
Magna International, Inc. (MGA)
Last magna international, inc. earnings: 2/21 05:00 am
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Source: Toronto Globe and Mail
In the heart of ’s manufacturing colossus, in a city synonymous with the country’s status as the “world’s factory,” a sprawling network of factories remained quiet Tuesday, as virus fears, wide-reaching lockdown measures and official reluctance kept workers far from production lines. ’s central government in Beijing ordered back to work this week, as the country’s leadership sought to ease the economic blow of strict measures taken to constrain the spread of Novel Pneumonia, or NCP, which began to infect people in the city of Wuhan and has now killed 1,17 people in . On Tuesday, ’s Ministry of Industry and Information Technology said its top priority “is to promote the resumption of production.” ’s president Xi Jinping himself has warned top Party leadership that measures taken against the virus were doing economic harm, Reuters reported. Story continues below advertisement But in the Tianxin No. 1 Manufacturing District, a cluster of factories in the Guangdong city of Dongguan, the
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- Magna International Inc. (NYSE: MGA) had its price target lowered by analysts at Morgan Stanley from $65.00 to $60.00. They now have an "overweight" rating on the stock.MarketBeat
MGA
Earnings
- 5/3/24 - Miss
MGA
Sec Filings
- 5/10/24 - Form 6-K
- 5/6/24 - Form 6-K
- 5/3/24 - Form 6-K
- MGA's page on the SEC website