Barclays analyst Dan Levy lowered the firm’s price target on BorgWarner to $40 from $43 and keeps an Overweight rating on the shares. The company’s soft 2024 guidance is a disappointment, but not far from expectations excluding Eldor, the analyst tells investors in a research note. The firm sees opportunity for the BorgWarner narrative to re-accelerate from a growth recovery, margin strength, or capital allocation.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BWA:
- BorgWarner Amends Financial Reports for Turbocharger Sales
- BorgWarner price target lowered to $33 from $36 at Deutsche Bank
- BorgWarner price target lowered to $39 from $42 at Oppenheimer
- BorgWarner price target lowered to $36 from $40 at TD Cowen
- BorgWarner price target lowered to $35 from $39 at Baird
