BofA lowered the firm’s price target on BorgWarner (BWA) to $40 from $42 and keeps a Buy rating on the shares. The firm lowered its North American auto production estimate to 16.1M from 16.7M to reflect plant downtime and a material increase in Chinese imports to Mexico. Auto suppliers’ outlooks point to “another tough year ahead since production volumes are expected to decline,” the analyst added.
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Read More on BWA:
- BorgWarner price target lowered to $40 from $45 at Morgan Stanley
- BorgWarner price target lowered to $42 from $43 at Barclays
- BorgWarner price target lowered to $34 from $36 at Baird
- BorgWarner’s Restructuring Gamble: Navigating Risks and Uncertainties
- BorgWarner Inc. Reports 2024 Earnings and 2025 Outlook
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