Form 10-Q BORGWARNER INC For: Sep 30

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Deutsche Bank Downgrades BorgWarner (BWA) to Hold

November 3, 2023 7:54 AM EDT

Deutsche Bank analyst Emmanuel Rosner downgraded BorgWarner (NYSE: BWA) from Buy to Hold with a price target of $36.00 (from $47.00).

The analyst comments "The sharp negative stock reaction to BWAs solid 3Q results, lower FY23 revenue guidance implying soft 4Q, and new downward revision to eProduct revenue target, in our view primarily reflects investor growing concerns... More