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Fly News Breaks for May 30, 2019
BWA
May 30, 2019 | 07:10 EDT
Barclays analyst Brian Johnson upgraded BorgWarner to Overweight from Equal Weight and raised his price target for the shares to $45 from $36. Hybrids may be "unfashionable but offer real growth opportunity" in the 2020s, Johnson tells investors in a research note. The analyst sees BorgWarner as best positioned for hybrid growth in the 2020s. The company's proven technology and product leadership will allow it to continue innovating and delivering propulsion systems for the automotive landscape in the long-term, claims Johnson.
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