RBC Capital boosts BorgWarner (NYSE:BWA) to an Outperform rating from Sector Perform after factoring in the company's Q4 earnings report.
Analyst Joseph Spak thinks the sell-off in the sector over diesel engine concern in Europe is overblown.
RBC keeps a price target of $63 on BorgWarner to rep 21% upside potential from yesterday's close. Shares are up 6.70% in premarket tradinf to $55.42.
Previously: BorgWarner beats by $0.06, beats on revenue (Feb. 8)
Sources: Nasdaq.com, Bloomberg
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