Barclays analyst Dan Levy raised the firm’s price target on BorgWarner (BWA) to $55 from $45 and keeps an Overweight rating on the shares as part of a Q3 preview for the autos and mobility group. The firm continues to prefer the auto makers over suppliers. Barclays expects most of the sector to beat Q3 estimates but only “soft” guidance raises in an attempt to management expectations.
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