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Fly News Breaks for June 25, 2018
BWA
Jun 25, 2018 | 06:07 EDT
Goldman Sachs analyst David Tamberrino upgraded BorgWarner to Buy from Neutral as he believes it will outperform supplier peers late in the North American auto cycle as secular exposure to tightening regulatory standards and content penetration provide continued growth opportunities. In a research note to investors, the analyst, who has a 6-month price target of $58, said he expects top-line revenue growth to sustain high-single digits as the accelerated OEM focus on electric vehicles should bring new business awards and content growth for BWA, along with benefits from increasing advanced gasoline product penetration and hybrid content opportunities.
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