BorgWarner (BWA) Declares $0.11 Quarterly Dividend; 1.3% Yield

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Go back to BorgWarner (BWA) Declares $0.11 Quarterly Dividend; 1.3% Yield

BorgWarner (BWA) PT Raised to $51 at JPMorgan

November 11, 2024 6:10 AM EST

JPMorgan 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