Amid Shift To Electric Vehicles, Analyst Looks For BorgWarner To Benefit

Amid Shift To Electric Vehicles, Analyst Looks For BorgWarner To Benefit

Amid Shift To Electric Vehicles, Analyst Looks For BorgWarner NYSE:BWA To Benefit Not every auto supplier will survive the rise of electric . But BorgWarner Inc. BWA 1.19% hopes to ride the current — and Oppenheimer said it’s situated to do do. The Rating Oppenheimer analyst Noah Kaye initiated coverage on BorgWarner with an Outperform rating and $63 price target. The Thesis The firm’s differentiated technology is considered a buffer against industry disruptions . Its products propel vehicles and are agnostic to the energy source, Kaye said. “As the global auto industry evolves to meet increasingly stringent emissions regulations, […]

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