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Fly News Breaks for October 19, 2015
BWA
Oct 19, 2015 | 07:07 EDT
Morgan Stanley downgraded BorgWarner two notches to Underweight from Overweight and lowered its price target to $37 from $68. The bank said BorgWarner is facing long-term challenges to internal combustion technology due to lower fuel prices, active safety software, and improved electric vehicle economics.
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