BorgWarner upgraded to Outperform from Neutral at Baird

Baird upgraded BorgWarner (BWA) to Outperform from Neutral with a price target of $52, up from $41. The firm likes the company’s exposure to cyclical exposure and favorable leverage to hybrid vehicles. The company’s consistent execution is also a positive, the analyst tells investors in a research note. Baird is increasingly bullish on the vehicle technology space due to “continued less bad” auto trends and ongoing sector rotation potential .