In a flurry of buzz, several significant developments relating to BorgWarner Inc. (BWA) have surfaced. Perhaps the most notable of these news pieces is the acquisition of substantial BorgWarner shares by multiple institutional investors such as MMCAP International Inc., Blackhawk Capital Partners LLC., and Todd Asset Management LLC. Furthermore, BorgWarner's Q4 earnings have exceeded estimates showcasing impressive operating performance. Nevertheless, BorgWarner's shares experienced some volatility with Morgan Stanley adjusting the price target down from $45 to $40. Notably, BorgWarner is on the verge of a major business deal, locking in a multi-year turbocharger contract with a leading North American automaker. Despite forecasting annual revenue and profits below estimates, BorgWarner's EPS still surpassed forecasts. Amidst the transition towards electric vehicles, BorgWarner maintained a steady dividend payout and announced their CEO succession plan. Recognition for BorgWarner came as it was named among the top U.S. Employers by Forbes and became the first-ever supplier to join the Global 100 Sustainability Rankings. However, amidst market shifts, BorgWarner's stock hit a 52-week low, prompting questioning if it's late to consider buying BorgWarner.
Borgwarner BWA News Analytics from Thu, 02 May 2024 07:00:00 GMT to Sat, 01 Mar 2025 10:59:01 GMT - Rating 3 - Innovation 7 - Information 9 - Rumor 5
