UBS on North American Auto Show: Auto Show Day 1 Highlights

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UBS on North American Auto Show: Auto Show Day 1 Highlights

USB analyst, Colin Langan, said, "BorgWarner (NYSE: BWA), Dana Corp (NYSE: DAN), Ford (NYSE: F) and GM (NYSE: GM) presented at the Auto show today. DAN & BWA released ‘12 guidance higher than consensus. Ford’s new launches were the most impressive with a stylish new Fusion and an improved Lincoln look. Ford said the Asia Pac would lose money this year due to the Thai flooding (already in our estimate). Ford and GM provided few other financial details."

"Dana releases above consensus 2012 EPS guidance...BWA releases above consensus 2012 sales and EPS guidance...Reiterate Buys on Dana (NYSE: DAN) & Ford (NYSE: F): Raising BWA price target from $68 to $71."

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