Deutsche Bank Downgrades BorgWarner to Hold, Announces $36 Price Target
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Emmanuel Rosner has downgraded BorgWarner (NYSE:BWA) from Buy to Hold and set a price target of $36.

November 03, 2023 | 1:30 pm
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BorgWarner has been downgraded from Buy to Hold by Deutsche Bank, with a new price target of $36.
The downgrade from Buy to Hold by a major bank like Deutsche Bank indicates a less optimistic outlook for the company's stock in the short term. This could potentially lead to a decrease in the stock's price as investors adjust their expectations. The new price target of $36 also provides a benchmark that investors may use to evaluate the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100