Gabelli Upgrades BorgWarner (BWA) to Buy; Shares Undervalued...on Sale Now
Tweet Send to a FriendGet Alerts BWA Hot Sheet
Price: $86.72 --0%
Rating Summary:
7 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 10 | New: 7
Rating Summary:
7 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 10 | New: 7
Trade BWA Now!
Gabelli upgraded BorgWarner (NYSE: BWA) from Hold to Buy.
Gabelli analyst, said, "BWA shares traded higher following a guidance reduction that fell well below our expectations. We are changing our recommendation on BWA shares to Buy as we believe negativity and broader macro concerns to be fully priced in. BWA shares now trade at more than a 20% discount to our new 2013 PMV of $81 (7x 2013E EBITDA, recently reduced by a half turn). BWA’s regulatory-driven growth story remains the most definable within the auto industry (along with Tenneco (NYSE: TEN)). Internal efficiency measures continue to outperform expectations, as evidenced by the 140bps expansion in Engine segment margin amid flat sales. We believe shares to be undervalued and recommend investors purchase BWA."
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 $62.99 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
Gabelli analyst, said, "BWA shares traded higher following a guidance reduction that fell well below our expectations. We are changing our recommendation on BWA shares to Buy as we believe negativity and broader macro concerns to be fully priced in. BWA shares now trade at more than a 20% discount to our new 2013 PMV of $81 (7x 2013E EBITDA, recently reduced by a half turn). BWA’s regulatory-driven growth story remains the most definable within the auto industry (along with Tenneco (NYSE: TEN)). Internal efficiency measures continue to outperform expectations, as evidenced by the 140bps expansion in Engine segment margin amid flat sales. We believe shares to be undervalued and recommend investors purchase BWA."
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 $62.99 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
- Goldman Sachs Upgrades Tanger Factory Outlet Centers (SKT) to Neutral
- B. Riley Upgrades Motorcar Parts of Americabb (MPAA) to Buy
- Baird Upgrades Ball Corp (BLL) to Outperform
Create E-mail Alert Related Categories
Upgrades
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!
