Morgan Stanley Sees Drivetrain as New Growth Engine for BorgWarner
In a report published Wednesday, Morgan Stanley analyst Ravi Shanker reiterated an Overweight rating and $63.00 price target on BorgWarner (NYSE: BWA).
In the report, Morgan Stanley noted, “While most of the focus at BWA is trained on the Engine biz (which continues to tick along nicely), Drivetrain has been the source of surprising margin strength in recent quarters. With mgmt. confidently guiding to further upside from here, consensus (esp. in out years) has to come up sharply.”
BorgWarner closed on Tuesday at $58.10.
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