Offerings from BorgWarner (BWA) have stirred the market with a mix of impressive performances and unexpected downturns. BWA recently delivered strong Q1 2024 earnings, beating expectations and further driving confidence in its value as a top stock for the long-term. This follows a series of stock falls that underperformed in the market. The company also confirmed its dividend of $0.17. Major stakeholders like the Private Advisor Group LLC and BI Asset Management Fondsmaeglerselskab A S have expanded their holdings in BWA, while significant sales have been recorded by entities like Davis R M Inc. Despite lowering its 2023 sales guidance, BWA continues to attract investment advice and there are ongoing transactions, such as a $40.08 million stock position by Great Lakes Advisors LLC. Vanguard Personalized Indexing Management LLC also increased its holdings in BWA. Unsurprisingly, BWA was raised to 'Buy' at StockNews.com. However, BWA received a downgrade at Deutsche Bank due to concerns of a global EV slowdown. Despite the bumpy journey, the firm has affirmed its healthy earnings and given indications for a 25-40% eProduct sales increase in 2024.
Borgwarner BWA News Analytics from Fri, 15 Sep 2023 07:00:00 GMT to Thu, 23 May 2024 13:40:11 GMT -
Rating 2
- Innovation 5
- Information 8
- Rumor -3
