New User:

Forgot your password?

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."
News For BWA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 18, 2015
12:02 EDTBWABorgWarner has de-risked set up into Detroit Auto Show, analyst says
Shares of BorgWarner (BWA), a global automotive industry components and parts supplier, are gaining after Goldman Sachs analyst Patrick Archambault upgraded the company to Buy from Neutral citing the 35% pullback in shares since the March 3 peak and improving China sales. WHAT'S NEW: Archambault, who maintained a $54 price target on BorgWarner shares, said in a note to investors that the auto parts maker has de-risked the set up into the Detroit Auto Show in January in the wake of its recent guide down for 2015 and pull forward of backlog cut announcement. The company may get to mid-to-high single digit growth even with a backlog cut and improving China sales "may even point to some upside," the analyst continued. WHAT'S NOTABLE: On November 10, BorgWarner finalized its acquisition of Remy International, a manufacturer of rotating electrical components such as alternators, starter motors and electric traction motors for the automotive and commercial vehicle industry. "With this acquisition, the complementary combination of technologies and global operations will strengthen BorgWarner's product leadership position," said BorgWarner President and Chief Executive Officer James Verrier. On October 30, RBC Capital downgraded BorgWarner to Sector Perform from Outperform with a $45 price target on shares. Analyst Joseph Spak said BorgWarner's story is transitioning from a growth story to GARP as it enters a mid-single digit growth phase, and expects the shareholder base will likely churn and credibility has to be rebuilt. PRICE ACTION: Shares of BorgWarner are advancing 4.79%, or $1.94, to $42.55 in midday trading. OTHERS TO WATCH: Other companies in the space including Lear (LEA), Delphi Automotive (DLPH) and Magna International (MGA) are trading higher in midday trading.
10:00 EDTBWAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Apple (AAPL) upgraded to Conviction Buy from Buy at Goldman... BorgWarner (BWA) upgraded to Buy from Neutral at Goldman... Cognex (CGNX) upgraded to Buy from Hold at Canaccord... FARO Technologies (FARO) upgraded to Buy from Hold at Canaccord... Lazard (LAZ) upgraded to Strong Buy from Outperform at Raymond James... LendingClub (LC) upgraded on valuation, positive outlook at Sterne Agee CRT... Middleby (MIDD) upgraded to Outperform from Market Perform at BMO Capital... Perrigo (PRGO) upgraded to Buy from Neutral at B. Riley... RE/MAX Holdings (RMAX) upgraded to Market Perform from Underperform at JMP Securities... Sally Beauty (SBH) upgraded to Buy from Neutral at Goldman... Shopify (SHOP) upgraded to Outperform from Market Perform at Raymond James... TASER (TASR) upgraded to Buy from Neutral at Ladenburg... USG (USG) upgraded to Buy from Neutral at Northcoast.
05:43 EDTBWABorgWarner upgraded to Buy from Neutral at Goldman
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use