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Fly News Breaks for February 9, 2018
BWA
Feb 9, 2018 | 08:34 EDT
As reported earlier, RBC Capital analyst Joseph Spak upgraded BorgWarner to Outperform from Sector Perform and kept his price target at $63 amid recent weakness in the stock price. Spak says there is little change in the company fundamentals, as it has "done a great job of balancing portfolio for electrification" while concerns about the impact of diesel declines are "overdone". The analyst seeks more upward pressure than downside risk this year.
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