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Deutsche Bank Reiterates Hold Rating on BorgWarner Following Annual Investor Dinner

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In a report published on Friday, Deutsche Bank analyst Rod Lache reiterated a Hold rating and a price target of $79 on BorgWarner (NYSE: BWA).

In the report, Deutsche Bank stated, "The key message from the meeting was that this company's management is exceedingly confident it can sustain a very steep growth trajectory, culminating in a doubling of the company's revenue by 2020 (from this year's $7.5 bn). This implies a top line CAGR of approximately 10%. BWA also conveyed that acquisitions will likely play an important role in the company's growth."

BorgWarner closed on Thursday at $83.12.

Posted-In: Deutsche Bank Rod LacheAnalyst Color Reiteration Analyst Ratings

 

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