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Fly News Breaks for April 16, 2018
BWA
Apr 16, 2018 | 06:14 EDT
Cowen analyst Jeffrey Osborne started BorgWarner with an Outperform rating and $60 price target. The analyst likes the company's position as the industry shifts toward more fuel efficient vehicles. BorgWarner has a "strong presence" in turbos, hybrids and 48 volt systems, which are near term drivers, the analyst tells investors in a research note.
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