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BWA

BorgWarner

$35.18

0.88 (2.57%)

08:33
10/03/16
10/03
08:33
10/03/16
08:33

BorgWarner to sell REMY light vehicle aftermarket business to Torque Capital

BorgWarner has agreed to sell its REMY light vehicle aftermarket business to an investor group led by Torque Capital Group. The sale includes manufacturing facilities in San Luis Potosi, Mexico; Piedras Negras, Mexico; Twinsburg, Ohio; Edmond, Oklahoma; Brussels, Belgium; Jemmal, Tunisia; and Miskolc, Hungary. The business employs a total of approximately 3,000 people. The purchase price of the transaction is approximately $80M, subject to customary adjustment. Completion of the transaction is expected in the fourth quarter, subject to the satisfaction of customary closing conditions. Sales of this light vehicle aftermarket business through the first six months of 2016 were approximately $142M. BorgWarner will retain the core rotating electric business of the former REMY International, Inc. to complement its focus on hybrid and electric vehicle propulsion systems. This transaction does not include other BorgWarner products or technologies including the DELCO REMY commercial vehicle products. As a result of the transaction, including the write-off of excess purchase price allocation related to the 2015 acquisition of the former REMY International, BorgWarner estimates that it will incur a 2016 pre-tax loss of approximately $95M-125M, subject to final closing adjustments.

  • 27

    Oct

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    Nov

  • 17

    Nov

BWA BorgWarner
$35.18

0.88 (2.57%)

04/27/16
WELS
04/27/16
NO CHANGE
WELS
Auto Suppliers sector downgraded to Underweight at Wells Fargo
Wells Fargo analyst Richard Kwas downgraded the Auto Suppliers sector to Underweight from Market Weight saying the recent rally in the stocks is likely to be short-lived. The analyst believes U.S. auto sales need to stay at a high level for the remainder of the year for production schedules to stay intact. As such, he thinks a production cut is more "when" than "if". Auto Supplier stocks are tougher to own until a North American production cut actually occurs, Kwas tells investors in a research note. The analyst coupled the sector rating change with a downgrade of Tenneco (TEN) to Market Perform from Outperform. He keeps Outperform ratings on BorgWarner (BWA), Delphi (DLPH), Gentex (GNTX), Harman (HAR), Mobileye (MBLY) and Tower International (TOWR).
06/21/16
BOFA
06/21/16
DOWNGRADE
Target $39
BOFA
Neutral
BorgWarner downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analysts led by John Murphy lowered their U.S. vehicle sales and North American production forecasts given a somewhat slower than expected sales pace so far this year. The firm lowered its 2016 U.S. sales estimate to 17.7M from 18.2M units and its peak estimate to 18M units from 20M units in 2018. As a result, Murphy downgraded BorgWarner to Neutral from Buy given the later stages of the U.S. cycle and elevated long-term risk hybrid and electric vehicles penetrate the market faster than anticipated. The analyst lowered his price target to $39 from $45 on BorgWarner shares.
08/09/16
GHSC
08/09/16
INITIATION
GHSC
Neutral
BorgWarner initiated with a Neutral at Seaport Global
09/08/16
GSCO
09/08/16
NO CHANGE
GSCO
Goldman's Focus List changes
Goldman added Acuity Brands (AYI) & Facebook (FB) to the Focus List and removed Biogen (BIIB), BorgWarner (BWA), Monsanto (MON), and Grainger (GWW). The bank commented Acuity is a beneficiary of the Low Carbon Economy and said Facebook ranks as a low asset-light tech disruptor that is able to leverage its world-leading user base and mobile users to monetize long-term growth.

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VRA

Vera Bradley

$14.67

-0.07 (-0.47%)

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GLT

Glatfelter

$24.29

0.67 (2.84%)

20:09
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Glatfelter rating change  »

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RPRX

Repros Therapeutics

$1.91

-0.04 (-2.05%)

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Repros participates in FDA meeting, says plans meeting to discuss Phase 3 design »

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TSLA

Tesla

$185.85

-0.95 (-0.51%)

, SSNLF

Samsung

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SBMRY

SABMiller

, BUD

AB InBev

$104.05

0.79 (0.77%)

19:34
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Periodicals
Bain Capital exits auction for European SABMiller brands, Reuters says »

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AB InBev

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AN

AutoNation

$46.86

1.28 (2.81%)

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Senators: AutoNation resumption of recalled vehicle sales 'deeply troubling' »

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BA

Boeing

$152.24

0.08 (0.05%)

19:21
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19:21
Periodicals
Boeing contacts Trump team after Air Force One tweets, Bloomberg says »

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BA

Boeing

$152.24

0.08 (0.05%)

18:58
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White House press secretary: Air Force One claims appear misrepresentative »

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RDS.A

Royal Dutch Shell

$52.37

0.17 (0.33%)

, RDS.B

Royal Dutch Shell

$55.72

0.21 (0.38%)

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Japan-based Idemitsu plans purchase of Showa Shell stake, Nikkei says »

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RDS.A

Royal Dutch Shell

$52.37

0.17 (0.33%)

RDS.B

Royal Dutch Shell

$55.72

0.21 (0.38%)

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TM

Toyota

$117.88

0.32 (0.27%)

18:48
12/06/16
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Periodicals
Toyota plans to improve overall fuel economy by 20%, Nikkei reports »

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AYA

Amaya

$14.60

0.2 (1.39%)

18:35
12/06/16
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Periodicals
Amaya holder SpringOwl: Baazov bid 'raises a lot of questions,' Bloomberg says »

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TSLA

Tesla

$185.85

-0.95 (-0.51%)

18:30
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Hot Stocks
Tesla to recall certain NEMA 14-30, 10-30, 6-50 charging adapters »

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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

18:21
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Hot Stocks
Allegiant Travel says estimated November TRASM change (2.7%)-(2.3%) »

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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

18:14
12/06/16
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18:14
Hot Stocks
Allegiant Travel sees Q1 system departures up 14%-18%, ASMs up 10%-14% »

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TNP

Tsakos Energy

$4.82

0.16 (3.43%)

18:13
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Hot Stocks
Tsakos Energy announces four new time charter contracts »

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  • 12

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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

18:12
12/06/16
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18:12
Hot Stocks
Allegiant Travel sees Q4 system departures up 17%-19%, ASMs up 12%-14% »

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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

18:11
12/06/16
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18:11
Hot Stocks
Breaking Hot Stocks news story on Allegiant Travel »

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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

18:09
12/06/16
12/06
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18:09
Hot Stocks
Allegiant Travel revises Q4 TRASM view to (6%)-(4.5%) from (7.5%)-(5.5%) »

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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

18:07
12/06/16
12/06
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18:07
Hot Stocks
Allegiant Travel reports preliminary November traffic up 8.7% »

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OMAB

OMA Airports

$36.17

0.23 (0.64%)

18:01
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18:01
Hot Stocks
OMA Airports reports November passenger traffic up 11.3% »

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III

Information Services

$3.90

0.04 (1.04%)

18:00
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Chevrillon raises passive stake in Information Services to 13.55% from 7.2% »

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SAGE

SAGE Therapeutics

$55.68

3.86 (7.45%)

17:59
12/06/16
12/06
17:59
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17:59
Recommendations
SAGE Therapeutics analyst commentary  »

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  • 14

    Dec

AKS

AK Steel

$10.55

-0.1 (-0.94%)

17:47
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17:47
Hot Stocks
AK Steel to increase base prices for all stainless products »

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