BORGWARNER DECLARES QUARTERLY DIVIDEND
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BorgWarner (BWA) PT Raised to $51 at JPMorgan
November 11, 2024 6:10 AM ESTJPMorgan analyst Ryan Brinkman raised the price target on BorgWarner (NYSE: BWA) to $51.00 (from $50.00) while maintaining a Overweight rating.
The analyst comments "We are catching up on BorgWarner earnings by raising estimates for all periods, increasing our price target, and reiterating our Overweight rating after 3Q profits were earlier reported to have tracked solidly above JPM and Street expectations, despite the demand headwinds other suppliers have also encountered having contributed to modestly lower than expected revenue, given help from company-specific cost actions and strong execution (factors which also allowed management to raise... More
