KeyBanc Upgrades BorgWarner (BWA) to Buy

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KeyBanc upgraded BorgWarner (NYSE: BWA) from Hold to Buy with a price target of $92.00.

"Based on our proprietary analysis of European light vehicle sales, we are incrementally more bullish on the outlook for automotive supplier stocks over the next few quarters," the analyst said.

NOTE: BWA was downgraded today at Sterne Agee.

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 $77.29 yesterday, with a 52 week range of $60.17-$87.45.

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