BUZZ-BorgWarner rises after UBS hikes to 'buy'

BorgWarner Inc.

BorgWarner Inc.

BWA

0.00

** Shares of auto parts supplier BorgWarner BWA.N up more than 2% at $75 in morning trading

** UBS upgrades BWA's rating to "buy" from "neutral", lifts price target to $95 from $61

** New PT implies an upside of 29.7% from BWA's last close

** UBS bullish on co's turbo cell demand, expecting 3.6 GW output by 2030 with ~20%-26% contribution to sales and earnings

** Says BWA is tapping microgrids and battery energy storage systems, with early 800VDC inverter tests showing positive feedback

** 11 of 17 brokerages rate the stock "buy" or higher, six "hold"; their median PT is $70 - data compiled by LSEG

** Including session's moves, shares up 65.9% YTD


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.