As previously reported, Deutsche Bank upgraded BorgWarner (BWA) to Buy from Hold with a price target of $82, up from $46. The firm says the company’s entrance into the AI data center market is a “pivotal shift.” BorgWarner is changing from a traditional Tier-1 powertrain supplier to a more diversified multi-industrial entity, which warrants a valuation re-rating, the analyst tells investors in a research note. Deutsche also views the company’s Q4 report as strong.
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