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Fly News Breaks for March 22, 2017
TEN, DLPH, BWA
Mar 22, 2017 | 05:47 EDT
Deutsche Bank analyst Rod Lache upgraded BorgWarner (BWA) to Buy saying the prospects for business units focused on Internal Combustion efficiency and emissions are better than he previously thought. The analyst expects penetration of battery electric vehicles will remain "relatively low" through the 2020s. In 2025, 95%-96% of vehicles produced worldwide could be propelled by Internal Combustion, Lache tells investors in a research note. He raised his price target for BorgWarner shares to $51 from $41. The analyst this morning also raised his price target for Buy-rated Delphi (DLPH) to $99 from $88 and Hold-rated Tenneco (TEN) to $78 from $75.
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