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Fly News Breaks for March 21, 2016
BWA
Mar 21, 2016 | 07:38 EDT
UBS believes BorgWarner is well positioned versus peers in a downturn and offers a compelling risk/reward. The firm believes the company can continue to grow earnings in a recession given its backlog, buybacks, and M&A. UBS reiterated its Buy rating and $53 price target on BorgWarner shares.
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