TD Cowen analyst Jeffrey Osborne raised the firm’s price target on BorgWarner to $40 from $36 and keeps a Buy rating on the shares. The firm said the company is navigating the broader decline in the EV market with strategic positioning to capitalize off of the growth in hybrids while noting the company won eProduct awards with xPeng Polestar and a European OEM.
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Read More on BWA:
- BorgWarner raises FY24 adjusted EPS view to $3.80-$4.15 from $3.65-$4.00
- BorgWarner Reports First Quarter 2024 Results and Increases Full-Year EPS Guidance, Announces Additional Share Repurchase Authorization
- BorgWarner reports Q1 EPS 90c, consensus 87c
- Borgwarner Inc (BWA) Q1 Earnings Cheat Sheet
- BorgWarner: Successful Annual Meeting and Dividend Declaration
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