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Fly News Breaks for January 27, 2016
BWA
Jan 27, 2016 | 06:13 EDT
Baird analyst David Leiker upgraded BorgWarner to Outperform and lowered his price target to $39 from $48. Leiker said BorgWarner is trading at levels not seen since 2009 and reflect weak near-term operating results and increased uncertainty. The analyst believes the company can restore its premier auto supplier position and notes that he is seeing some stability in major markets and even some tailwinds.
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