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Fly News Breaks for December 21, 2016
BWA
Dec 21, 2016 | 08:39 EDT
As noted earlier, BMO Capital started coverage of BorgWarner with an Outperform rating and a $50 price target. Analyst Richard Carlson says that the company "is very well positioned to benefit from continued global tightening of emissions and fuel efficiency standards as well as propulsion shifts to hybrid and electric vehicles." The analyst adds that the company will benefit from the increased focus on mobility, as it supplies multiple components for hybrid powertrains which will probably support mobility, according to the analyst.
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