Berenberg Starts BorgWarner (BWA) at Sell

November 22, 2016 8:12 AM EST
Get Alerts BWA Hot Sheet
Price: $39.86 +0.10%

Rating Summary:
    11 Buy, 12 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Berenberg initiates coverage on BorgWarner (NYSE: BWA) with a Sell rating and a price target of $28.00.

Analyst Fei Teng commented, "BorgWarner’s dependence on emissions reduction technologies to drive growth skews risks to the downside. In the medium term, automakers are likely to gain increasing comfort with emissions targets in Europe due to a history of over-estimating the technology cost curve. BorgWarner’s 100% exposure to powertrain means it is the single supplier most heavily at risk from deferred content launches if this risk materialises. We see organic growth slowing below the guided range of 4-6% for 2016-18 and margins coming under increasing pressure from volume and pricing risks."

For an analyst ratings summary and ratings history on BorgWarner click here. For more ratings news on BorgWarner click here.

Shares of BorgWarner closed at $36.16 yesterday.

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