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Morgan Stanley upgrades BorgWarner (BWA) to Overweight from Neutral, with a price target of $84....

Morgan Stanley upgrades BorgWarner (BWA) to Overweight from Neutral, with a price target of $84. "We believe two consecutive years of 20% top line growth, and 15-20% contribution margins through 2012 are likely," with 'material revenue uplifts' likely in 'start-up regions' like China, Hungary and Poland. BWA +5.6% to $70.80.
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