Jefferies Boosts Estimates and Price Target on BorgWarner (BWA) Following Solid Q4

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February 15, 2012 8:12 AM EST
Get Alerts BWA Hot Sheet
Price: $68.66 +1.16%

Rating Summary:
    17 Buy, 13 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Jefferies raised estimates and its price target on BorgWarner (NYSE: BWA) from $73 to $83 following a "solid, albeit uneventful" Q4 report.

The firm comments, ". Better than expected margins offset a small revenue miss, with the Engine division posting tremendous 32% incremental margins. While expected to decelerate to 20% in 2012, incrementals remain at enviable levels. Finding that elusive entry point is always the hardest part of the story."

The firm's Q1 EPS target goes from $1.26 to $1.28 and FY12 goes from $5.40 to $5.53.

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 $79.41 yesterday.

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