UBS raised the firm’s price target on BorgWarner (BWA) to $38 from $35 and keeps a Neutral rating on the shares. The firm expects “broadly strong” results from U.S. autos, auto parts, and auto tech, but the group could take a breather, the analyst tells investors in a research note. While it’s tough to be negative when there are beats and numbers move higher, UBS says it’s “tough” to be overly positive on valuation.
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Read More on BWA:
- BorgWarner price target raised to $39 from $32 at Baird
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