Citigroup Maintains Neutral on BorgWarner, Raises Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli has maintained a Neutral rating on BorgWarner (NYSE:BWA) and increased the price target from $33 to $41.
May 06, 2024 | 6:32 pm
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Citigroup has maintained a Neutral rating on BorgWarner but raised the price target from $33 to $41.
The increase in price target by Citigroup suggests a positive outlook on BorgWarner's future performance, potentially leading to increased investor interest and a positive short-term impact on the stock price. The Neutral rating indicates that while the outlook is positive, there may be factors that could limit the upside potential in the near term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90