Nomura/Instinet Starts BorgWarner (BWA) at Buy
Get Alerts BWA Hot Sheet
Rating Summary:
19 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 2
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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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