Scotiabank raises Magna International PT on macro tailwinds

** Scotiabank lifts PT on U.S-listed shares of Canadian auto parts maker Magna International MG to $47 from $44, maintains "sector perform" rating

** New PT shows a premium of 5% from the stock's last close

** Scotiabank says it sees improved confidence in co's cost discipline and free cash flow generation

** Adds this outlook is further supported by macroeconomic stabilization, particularly around tariffs and production volumes

** Expect light vehicle production in North America and Europe to remain flat, which could limit upside in the near term- Scotiabank

** 4 of 20 brokerages rate the stock "buy", 14 "hold" and 2 "sell" ; their median PT is $47- data compiled by LSEG

** Stock up 7% YTD, as of last close