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Fly News Breaks for July 9, 2015
BWA
Jul 9, 2015 | 08:21 EDT
CLSA said BorgWarner is likely to cut 2015 organic growth guidance due to worsening conditions in China, which represents 38% of backlog. The firm lowered estimates and reduced its price target to $65 from $68 but sees a large step-up in growth in 2H and believes BorgWarner represents one of the best secular growth profiles in the group. CLSA rates BorgWarner shares a Buy.
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