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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BWA:
- BorgWarner price target raised to $39 from $32 at Baird
- BorgWarner price target raised to $40 from $36 at Goldman Sachs
- BorgWarner price target raised to $41 from $35 at BofA
- JPMorgan says sell Tesla to buy Aptiv and BorgWarner
- BorgWarner: Strong Growth Potential and Strategic Positioning in the EV Market