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Stock Market & Financial Investment News

News Breaks
February 14, 2013
08:06 EDTBWABorgWarner sees FY13 EPS $5.15-$5.45, consensus $5.29
The company said, "Market conditions were challenging in the fourth quarter. Global light vehicle production in the fourth quarter was up approximately 1% from a year ago, but light vehicle production in Europe, a market which comprises nearly half of our sales, was down approximately 11%. Our sales were flat during the same period, excluding the impact of foreign currencies and 2011 and 2012 dispositions...In 2013, we expect reported sales growth of 2% to 6% compared with 2012, or sales growth of 3% to 7% excluding the impact of 2012 dispositions, earnings of $5.15-$5.45 per diluted share and an operating income margin of 11.5% or better. We anticipate that this will continue our record financial pace despite difficult market conditions in Europe."
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July 21, 2014
16:11 EDTBWABorgWarner increases quarterly dividend 4% to 13c
BorgWarner declared a 4% increase in the quarterly cash dividend to 13c per share of common stock. The dividend is payable on September 16 to shareholders of record on September 2.
July 17, 2014
09:23 EDTBWABorgWarner price target raised to $76 from $67 at KeyBanc
KeyBanc increased its price target on BorgWarner as the firm thinks the company's Q2 results could be significantly better than expected. The firm also believes that the company's FY14 EPS could beat Street expectations by as much as 10%. The firm reiterates a Buy rating on the shares.

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