Gabelli Downgrades BorgWarner (BWA) to Hold on Valuation
Tweet Send to a FriendGet Alerts BWA Hot Sheet
Price: $82.20 +0.06%
Rating Summary:
7 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
7 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade BWA Now!
Gabelli downgraded BorgWarner (NYSE: BWA) from Buy to Hold on valuation.
The firm comments, "We remain attracted to BWA on a long-term basis, as we view the company as the auto supplier best positioned to significantly outperform global light vehicle production growth over the next several years... Should shares in the near term decline again into the mid $60’s, or sufficient time pass where we obtain greater clarity on 2013-14 growth, we would reconsider our recommendation."
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 $76.08 yesterday, with a 52 week range of $54.59-$87.45.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The firm comments, "We remain attracted to BWA on a long-term basis, as we view the company as the auto supplier best positioned to significantly outperform global light vehicle production growth over the next several years... Should shares in the near term decline again into the mid $60’s, or sufficient time pass where we obtain greater clarity on 2013-14 growth, we would reconsider our recommendation."
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 $76.08 yesterday, with a 52 week range of $54.59-$87.45.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: MKM Partners Downgrades Alkermes (ALKS) to Sell
- JPMorgan Downgrades Devon Energy (DVN) to Neutral
- Deutsche Bank Downgrades Signet Jewelers (SIG) to Hold
Create E-mail Alert Related Categories
Downgrades
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
