BorgWarner 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.
BorgWarner downgraded to Neutral at Baird As reported previously, Baird downgraded BorgWarner to Neutral from Outperform citing China headwinds, execution concerns and a lack of any near-term catalysts. Baird lowered its price target to $50 from $61 on BorgWarner shares.