Analysts Downgrade: BorgWarner Inc (BWA)

BorgWarner Inc. (NYSE:BWA) received a stock rating downgrade from Citigroup on Mar-29-16. In a note to investors, the firm issued a Neutral rating. The analysts previously had a Buy rating on the stock.

Analysts have a consensus target price of $40.12 in the 12-month period. The price objective is 7.19% higher than the recent closing price of $37.43. The 52-week price range is $27.57-$61.95 and the company has a market capitalization of $8.17 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. One analyst has rated the stock with a sell rating, 5 has assigned a hold rating, 0 says it’s a buy, and 8 have assigned a strong buy rating to the company.

On March 23, 2016 BorgWarner Inc. (BWA) transmission will propel the Geely EC7-EV sedan. The Chinese automaker’s first mass-produced electric vehicle is powered by a 129 horsepower electric motor with a top speed of 140 km/h (87 mph) and a range of 253 km (157 miles). Specifically designed for the emerging high-volume electric vehicle market, BorgWarner’s eGearDrive transmission features a highly efficient gear train for extended range and quiet performance, and is available in a wide range of ratios for a variety of motor sizes.

“Demand for BorgWarner’s innovative eGearDrive transmission is growing significantly in the Chinese market where we expect to launch several programs with major automakers in the next few months,” said Dr. Stefan Demmerle, President and General Manager, BorgWarner PowerDrive Systems. “As the first multinational supplier to begin producing this technology in China, BorgWarner’s superior technology, local manufacturing and local engineering support make BorgWarner the supplier of choice.”

BorgWarner’s eGearDrive transmission achieves high torque capacity in a compact package while providing smooth, quiet operation. Through its high-efficiency gear train and compact, low-weight design, the eGearDrive transmission contributes to extended battery-powered driving range, which in turn reduces the battery capacity required. An electronically actuated park lock system is also available. Approximately 99 percent of the materials used in the eGearDrive transmission are recyclable.

BorgWarner Inc. (BWA) is a product leader in highly engineered components and systems for powertrains around the world. Operating manufacturing and technical facilities in 74 locations in 19 countries, the company delivers innovative powertrain solutions to improve fuel economy, reduce emissions and enhance performance. For more information, please visit borgwarner.com.

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