Morgan Stanley Maintains Overweight on BorgWarner, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has maintained an Overweight rating on BorgWarner (NYSE:BWA) but reduced the price target from $47 to $45.
November 14, 2023 | 2:17 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Morgan Stanley has maintained an Overweight rating on BorgWarner but lowered the price target from $47 to $45, indicating a positive outlook with a slightly reduced growth expectation.
While the Overweight rating suggests that Morgan Stanley's outlook on BorgWarner remains positive, the reduction in the price target could imply a more conservative view on the company's growth prospects. This might lead to a neutral short-term impact on the stock as the market digests the mixed signals of continued confidence but lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100