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Fly News Breaks for February 10, 2017
BWA
Feb 10, 2017 | 08:27 EDT
Baird analyst David Leiker said he remains a buyer of BorgWarner stock following the company's above consensus Q4 results. He noted the company maintained its guidance and its bookings commentary supports his long-term thesis. Leiker believes BorgWarner is in the early innings of accelerating organic growth which should lead to relative multiple expansion. Leiker reiterated his Outperform rating and raised his price target to $50 from $45 on BorgWarner shares.
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