Jefferies Starts BorgWarner (BWA) at Buy

November 30, 2016 6:50 AM EST
Get Alerts BWA Hot Sheet
Price: $39.79 -1.27%

Rating Summary:
    11 Buy, 12 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Jefferies initiates coverage on BorgWarner (NYSE: BWA) with a Buy rating and a price target of $43.00.

Analyst David Kelley commented, "We believe BWA remains a propulsion leader driven by rising penetration of internal combustion, the likely dominant global powertrain through 2025. We believe new technology acquisition & category mix shift position BWA for hybrid/electric vehicle penetration. While turbocharger growth likely decelerates (31% of sales), we forecast above production volume while current valuation (15-25% discount from historic levels) provides a favorable risk/reward entry."

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 $34.46 yesterday.

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