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Fly News Breaks for February 15, 2019
BWA
Feb 15, 2019 | 09:04 EDT
Baird analyst David Leiker raised his price target on BorgWarner to $47 from $41 after the company reported in-line Q4 results. The analyst said it remains one of the best ideas on his list and noted valuation is currently near cycle lows. He sees improved near-term performance, significant re-rating potential given its valuation, and an attractive long-term growth profile. Leiker reiterated his Outperform rating on BorgWarner shares.
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