Nomura/Instinet Starts BorgWarner (BWA) at Buy

Nomura/Instinet analyst Anindya Das initiates coverage on BorgWarner (NYSE: BWA) with a Buy rating and a price target of $41.00.

The analyst comments "We like BWA for three reasons: 1) potentially faster medium-term sales growth vs. peers, driven by growing sales of HV / EV components, and higher sales of turbos; 2) a growing profit stream with high margins due to its large presence in an oligopolistic market with high entry barriers; and 3) relatively low, direct exposure to trade and tariff-related issues."

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 $31.06 yesterday.

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