BorgWarner price target lowered to $57 from $58 at Barclays

Barclays analyst Dan Levy lowered the firm’s price target on BorgWarner to $57 from $58 and keeps an Overweight rating on the shares. Stability is emerging for the autos sector, but “beware” of a “high bar” into earnings, the analyst tells investors in a research note. The firm sees “some risk in this environment.” The bar has clearly risen for autos into earnings, and has been reflected in auto stocks, it writes. Accordingly, Barclays urges investors to set expectations appropriately into earnings.