Baird Downgrades BorgWarner to Neutral, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Leiker has downgraded BorgWarner (NYSE:BWA) from Outperform to Neutral and reduced the price target from $45 to $39, indicating a more cautious outlook on the company's stock.
January 03, 2024 | 12:03 pm
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Baird analyst downgrades BorgWarner to Neutral and lowers price target to $39, suggesting a tempered expectation for the stock's performance.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further reinforces the expectation of a lower future stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100