Market Overview

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

Related BWA
Barron's Recap: Caring For Elderly Parents
RBC Capital Technicians Like Financials And Tech, Sees Asset Managers Weakening

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

Sep 2015BarclaysMaintainsEqual-weight
Aug 2015BairdDowngradesNeutral
Aug 2015SusquehannaMaintainsPositive

View More Analyst Ratings for BWA
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings


Related Articles (BWA)

Get Benzinga's Newsletters