7/104 sources · 3 publishersUpdated Oct 8, 21:53 UTC
Morgan Stanley upgrades BorgWarner to Overweight and raises price target to $95
Morgan Stanley upgraded BorgWarner (BWA) from Equal‑Weight to Overweight and lifted its price target from $71 to $95. The firm highlighted strong demand for internal‑combustion and hybrid vehicles and growth opportunities in distributed‑power technologies such as the Turbine Generator and TurboCell. The upgrade sparked a share price rally of about 4‑5% in pre‑market trading.
Why it matters
Morgan Stanley’s upgrade and higher price target suggest upside potential for investors, as the rating change implies the analyst expects earnings growth from both the core auto business and the emerging distributed‑power segment.
Key facts
- 1Morgan Stanley upgraded BorgWarner to Overweight from Equal‑Weight. investing.com
- 2The price target was raised to $95 from $71. investing.com
- 3Morgan Stanley projects $1.2 billion of distributed‑power EBITDA by 2030, representing about 35% of total EBITDA. investing.com
- 4Shares rose 4.4% in pre‑market trading to $62.92. tradingview.com
- 5Shares rose roughly 5% after the upgrade. investing.com
- 6Morgan Stanley expects the Turbine Generator to capture about 3% of the distributed‑power market by 2030. investing.com
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.