Nomura Instinet Downgrades BorgWarner to Neutral, Announces $44 Price Target
Portfolio Pulse from richadhand@benzinga.com
Nomura Instinet analyst Anindya Das has downgraded BorgWarner (NYSE:BWA) from Buy to Neutral and set a price target of $44.

August 17, 2023 | 10:53 am
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NEGATIVE IMPACT
BorgWarner has been downgraded from Buy to Neutral by Nomura Instinet, with a price target set at $44.
The downgrade from Buy to Neutral by Nomura Instinet indicates a less optimistic outlook for BorgWarner's stock. This could potentially lead to a decrease in demand for the stock, putting downward pressure on its price in the short term. The price target of $44 also provides a reference point for investors, which could influence trading decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100