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Fly News Breaks for January 14, 2016
BWA
Jan 14, 2016 | 07:26 EDT
UBS said the recent selloff in BorgWarner shares has presented a solid buying opportunity. The firm believes growth should reaccelerate as its technologies are the lowest cost means of hitting fuel economy targets. UBS believes BorgWarner's long term growth story is one of the best in the sector and notes that ts current valuation is well below its historical average. UBS reiterated its Buy rating and $57 price target on BorgWarner shares.
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