Wells Fargo Maintains Overweight on BorgWarner, Lowers Price Target to $53
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Colin Langan has maintained an Overweight rating on BorgWarner (NYSE:BWA) but lowered the price target from $56 to $53.

July 10, 2023 | 3:03 pm
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BorgWarner's price target has been lowered from $56 to $53 by Wells Fargo, though the Overweight rating is maintained.
The lowering of the price target by Wells Fargo could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment, which could counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100