Tiger Brokers

BUZZ-BorgWarner rises after report of Baird lifting rating, PT

Reuters
Sep 03
BUZZ-BorgWarner rises after report of Baird lifting rating, PT

** Auto parts supplier BorgWarner's shares BWA.N rise 1.3% to $43.22 premarket

** Baird upgrades rating to "outperform" from "neutral"

** Brokerage cites BWA's favorable leverage to hybrid vehicles and consistent execution, TheFly says

** Lifts PT to $52 from $41, representing ~22% upside to stock's last close

** "Baird is increasingly bullish on the vehicle technology space due to 'continued less bad' auto trends and ongoing sector rotation potential," TheFly says

** Three brokerages rate stock "strongbuy", nine "buy" and six "hold"; their median PT is $43.50 - LSEG-compiled data

** As of last close, stock had risen 34.2% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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