Van ECK Associates Corp acquired 20361 shares of BorgWarner Inc. (NYSE:BWA), leading to a market incline for the company. StockNews.com has subsequently upgraded BorgWarner's status to 'Buy.' Borgwarner, alongside Axcelis and GFL Environmental, has been identified as a potential investment 'hidden gem.' This follows the Q1 earnings release which revealed key metric performance leading to a rise in BorgWarner's stock and outperformance of the overall market. The company exceeded Q1 expectations, prompting a revision of FY24 EPS guidance. After this, Savant Capital LLC sold 2988 shares of BorgWarner Inc. The corporation intends to buy Eldor Corporation's EHS Business and its price target has been raised to $40.00. Even amidst reports of guidance being trimmed after Q2 earning reviews, expertise continue to suggest that BorgWarner remains undervalued. BorgWarner confirmed its $0.17 dividend, and Wells Fargo & Company raised its price target to $45.00. International Assets Investment Management LLC bought shares from the company, and despite a decrease in shares held by Yousif Capital Management LLC BorgWarner remains bullish. Its Q1 outlook released by Wall Street estimates revealed key metrics and an increase in full year EPS guidance. Despite a reduction in its 2023 sales guidance other investors like Russell Investments Group Ltd. showed support by acquiring 274,045 shares. After a slight background dip in performance, Analysts continue to forecast a positive outcome for BorgWarner. The company has partnered with Shaanxi for JV to extend its e-CV portfolio and a considerable amount of shares have been purchased by abrdn plc and GAMMA Investing LLC. BorgWarner anticipates that its 2024 eProduct sales will ascend by 25% to 40%. Despite some negative uncertainties, analysts affirm that its recent stock performance has been influenced by its fundamentals in a positive way.
Borgwarner BWA News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Tue, 07 May 2024 13:18:00 GMT -
Rating 6
- Innovation -2
- Information 9
- Rumor -1
