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UPDATE: Sterne Agee Downgrades BorgWarner to Neutral on Valuation, Europe Pressures

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Sterne Agee downgraded BorgWarner (NYSE: BWA) from Buy to Neutral.

Sterne Agee noted, "We have downgraded our rating on BWA to Neutral from Buy, reflecting lower earnings assumptions for 2013 and 2014 as well as the current valuation level. BWA is among the best positioned suppliers globally to supply components that help vehicle manufacturers meet tighter regulations for fuel economy and emissions, providing growth in excess of the overall market. However, in the near term, growth is expected to slow, owing in part to industry pressures in Europe."

BorgWarner closed at $77.29 on Friday.

Latest Ratings for BWA

DateFirmActionFromTo
Aug 2016Seaport GlobalInitiates Coverage onNeutral
Jun 2016Bank of AmericaDowngradesBuyNeutral
Mar 2016CitigroupDowngradesBuyNeutral

View More Analyst Ratings for BWA
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Posted-In: Sterne AgeeAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

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