Automotive component supplier BorgWarner (BWA -5%) is selling off after stating it expects $2.5B...

|About: BorgWarner Inc. (BWA)|By:, SA News Editor

Automotive component supplier BorgWarner (BWA -5%) is selling off after stating it expects $2.5B in "net new powertrain business" from 2012 to 2014, an increase of just 9% from the prior 3-year period. However, Morgan Stanley is declaring BorgWarner a "research tactical idea," claiming the company's backlog is stronger than expected, and EPS estimates will rise.