Sterne Agee Starts GM, F, BWA, TRW at Buy, LEA, DLPH, JCI at Neutral

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An analyst at Sterne Agee initiated coverage on a number of stocks in the Auto and Auto Supplier group Wednesday morning:

• GM (NYSE: GM) with a Buy rating and a $36 price target
  
• Ford (NYSE: F) with a Buy rating and a $18 price target
  
• BorgWarner (NYSE: BWA) with a Buy rating and a $81 price target
  
• TRW Automotive (NYSE: TRW) with a Buy rating and a $53 price target
  
• Lear (NYSE: LEA) with a Neutral rating and $47 price target
  
• Delphi (Nasdaq: DLPH) with a Neutral rating and $59 price target
  
• Johnson Controls (NYSE: JCI) with a Neutral rating and $36 price target

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