Piper Sandler raised the firm’s price target on BorgWarner (BWA) to $37 from $36 and keeps an Overweight rating on the shares. The firm still likes used car tech stocks, and notes that tariffs are still a source of uncertainty, but less so than a few months ago. EV sales momentum is regionalizing as China and Europe left the U.S. behind, Piper says.
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Read More on BWA:
- BorgWarner price target raised to $35 from $31 at UBS
- BorgWarner price target raised to $32 from $29 at Baird
- BorgWarner Reports Q1 2025 Results and Strategic Shift
- BorgWarner Inc. Earnings Call Highlights Growth and Challenges
- BorgWarner expands FY25 adjusted EPS view to $4.00-$4.45 from $4.05-$4.40
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