Morgan Stanley Maintains Overweight on BorgWarner, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has maintained an Overweight rating on BorgWarner (NYSE:BWA) but lowered the price target from $50 to $47.
August 08, 2023 | 1:45 pm
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Morgan Stanley has maintained an Overweight rating on BorgWarner but lowered the price target from $50 to $47.
The news is directly about BorgWarner and is likely to impact its stock price. While the Overweight rating suggests that Morgan Stanley expects the stock to outperform, the lowering of the price target may create some negative sentiment among investors.
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