Magna International Inc. (MGA) saw its stock price plummet by 5.03% during Tuesday's intraday trading session. The sharp decline came amid mixed analyst actions on the automotive supplier.

The sell-off appears to have been triggered primarily by Goldman Sachs, which lowered its price target on Magna to $49 from $60 and maintained a Sell rating on the shares. This significant downward revision from a major financial institution contrasted with more optimistic views from other analysts.

While several other firms including Raymond James, Barclays, BMO, Scotiabank, and RBC Capital raised their price targets on Magna, the negative assessment from Goldman Sachs with its Sell recommendation likely weighed on investor sentiment during the session.