Goldman Sachs upgraded BorgWarner (BWA) to Buy from Neutral with a price target of $34, up from $31. The company has a below-average degree of U.S. imports, which limits tariff risk, and its above-average sales exposure to China should support revenue, the analyst tells investors in a research note. Goldman cites the company’s balanced powertrain exposure and China traction, as well as below-average tariff risk, for the upgrade.
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